Sam Bankman-Fried Deserves 40-50 Years in Prison, Prosecutors Say: Federal prosecutors are pushing for a lengthy sentence for the disgraced FTX founder.

Federal prosecutors said on Friday that Sam Bankman-Fried, the cryptocurrency mogul who was convicted of masterminding a multibillion-dollar fraud, should face significant consequences for his actions. Specifically, Federal prosecutors are asking a New York judge to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes they described as a “historic" crime.

The recommendation comes after NEW YORK (Reuters) - Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX cryptocurrency exchange. Federal prosecutors asked a New York judge on Friday to sentence FTX founder Sam Bankman-Fried to between 40 and 50 years in prison for cryptocurrency crimes. This severe sentencing request underscores the gravity of the charges and the scale of the financial damage caused.

Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX cryptocurrency. The prosecution argues that such a sentence is necessary to deter future financial crimes and to provide justice for the victims of Bankman-Fried\'s fraudulent scheme. The court will now weigh the arguments and evidence presented before making a final determination.