'The pressure and hopelessness of our predicament led me to entertain thoughts of suicide,' one FTX user wrote.
Prosecutors in New York asked a court on Friday to sentence crypto fraudster Sam Bankman-Fried to between 40 and 50 years in prison for defrauding crypto investors and extracting billions of dollars from his companies FTX and Alameda Research. FTX imploded in 2022, turning a high-flying company once valued at $32 billion into a worthless husk in just a matter of days. SBF was found guilty in November 2023 on seven counts, including fraud and conspiracy.
” “As evidenced by his witness tampering and perjury, the defendant did not cease his criminal conduct after being arrested.” “At no point has the defendant accepted responsibility for his crimes. Each of these elements of the defendant’s criminal conduct bear on the seriousness of the offense and warrant the imposition of a very severe sentence.” The prosecutors also included dozens of messages from victims who lost tremendous amounts of money due to the fraud perpetrated by SBF.
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