Sam Bankman-Fried's lawyer says a recommended sentence of 100 years in prison for the FTX founder is “grotesque” and “barbaric” for cryptocurrency crimes. Bankman-Fried lawyer Marc Mukasey filed presentence arguments late Tuesday in Manhattan federal court, seeking leniency.
Lawyers for Sam Bankman-Fried told a US judge on Tuesday that a sentence ranging from 63 to 78 months would be an appropriate punishment for the FTX founder's conviction for stealing $8 billion from customers of the bankrupt cryptocurrency exchange.
Lawyers for Sam Bankman-Fried, the former head of the collapsed cryptocurrency exchange FTX, have requested a sentence of just five to six years in prison in the wake of his conviction last year on seven counts of fraud.