Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back
Publishing timestamp: 2024-03-28 10:27:47
Summary
Sam Bankman-Fried is facing potential prison time for his involvement in the collapse of FTX in 2022. Prosecutors are seeking a lengthy sentence, while the defense argues for a much shorter one. However, there is hope for FTX customers to recoup their lost funds as the bankruptcy estate expects to fully repay them. The value of FTX's investments, such as in Anthropic and Solana, has increased, providing some optimism for customers. The final sentencing will be announced by Judge Lewis Kaplan.
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