Sam Bankman-Fried Faces Up to 50 Years in Prison for FTX Collapse

Prosecutors demand a severe penalty for the cryptocurrency mogul, while his defense seeks leniency, citing potential recovery for investors.

Prosecutors seek a harsh sentence for Sam Bankman-Fried, urging up to 50 years in prison for his role in the FTX collapse.
Defense attorneys argue for leniency, suggesting a sentence of 5 to 6 years, claiming FTX investors will recover their funds.
FTX CEO John Ray criticizes Bankman-Fried's claims of no harm to customers and describes him as living a 'life of delusion'.
Bankman-Fried's sentencing is scheduled for March 28, marking a pivotal moment in one of the largest financial fraud cases.
Victims express significant financial and emotional distress, highlighting the wide-reaching impact of the FTX collapse.