Sam Bankman-Fried says 63-78 months should guide sentencing for FTX fraud


FILE PHOTO: Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023. REUTERS/Eduardo Munoz/File Photo

NEW YORK (Reuters) - Lawyers for FTX founder Sam Bankman-Fried on Tuesday suggested to a U.S. judge that sentence ranging between 63 and 78 months would be an appropriate punishment for his conviction on charges of stealing $8 billion from customers of his now-bankrupt cryptocurrency exchange.

(Reporting by Luc Cohen in New York and Kanjyik Ghosh in Bengaluru; Editing by Will Dunham, Noeleen Walder and Tom Hogue)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Electricity is now holding back growth across the global economy
North Korean leader's sister sports Chinese foldable phone
STMicro has shipped 5 billion chips for Starlink in past decade; that could double by 2027
Tech support scammers stole US$85,000 from him. His bank declined to refund him.
Analysis-Old meets new economy: AI boom to supercharge European banks' rally
Humanoid robots take center stage at Silicon Valley summit, but scepticism remains
Asahi CEO mulls new cybersecurity unit as disruption drags on
China's smaller manufacturers look to catch the automation wave
From Zelda to Civ VI: understanding game complexity
From traditional mats to virtual arenas: The rise of VR taekwondo in Malaysia

Others Also Read