In a landmark case that has rocked the digital asset world, Sam Bankman-Fried, the founder of FTX, faces the possibility of spending up to 50 years behind bars for orchestrating what prosecutors describe as “one of the largest financial frauds in history.” As many await Sam Bankman Fried sentencing, US prosecutors assert that 50 years jail time aligns with the severity of his crimes.

Bankman-Fried’s lawyers deemed a potential 110-year prison term “grotesque” during his trial for alleged crimes. In November 2022, he lost all his wealth as FTX went bankrupt due to a surge in customers pulling out their funds.

The Allegations: Massive Fraud and Deception

Bankman-Fried, once hailed as…

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