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International Business Times
International Business Times
Business
AFP News

Prosecutors Urge 40-50 Years For Crypto Fraudster Bankman-Fried

Sam Bankman-Fried Crypto FTX United States Alameda
Sam Bankman-Fried admitted during trial he had made 'mistakes' but denied that he had ever tried to defraud anyone (Credit: AFP)

US prosecutors have requested that a court sentence disgraced crypto mogul Sam Bankman-Fried to between 40 and 50 years imprisonment for massive fraud that cost customers $8 billion, court documents showed Friday.

The founder and CEO of the FTX cryptocurrency exchange platform will face sentencing on March 28 after being found guilty in early November of seven counts including fraud, conspiracy and money laundering.

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