Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors
Dethroned crypto king Sam Bankman-Fried to be sentenced for defrauding FTX investors. He faces the potential of decades in prison when he is sentenced Thursday for his role in the 2022 collapse of FTX, once one of the worlds most popular platforms for trading digital currency. Prosecutors recommended a prison sentence of 40 to 50 years. Bankman, 32, was convicted in November of fraud and conspiracy.