"Unveiling the Outcome: Sam Bankman-Fried's Cryptocurrency Fraud Sentencing"

Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, faces sentencing on Thursday after being found guilty of orchestrating a multibillion-dollar fraud that led to the exchange's collapse. Prosecutors are seeking up to 50 years in prison, citing his brazen disrespect for the law and lack of remorse. Bankman-Fried's defense team is asking for 6 1/2 years or less, citing his mental health struggles and purported selflessness. The judge's decision is likely to be influenced by Bankman-Fried's lack of remorse and the scale of the fraud.