Sam Bankman-Fried, founder of failed crypto platform FTX, could face decades behind bars as prosecutors have asked for a ‘lengthy sentence’ of 40-50 years.
After finding probable cause that the founder of the FTX cryptocurrency exchange may have tampered with witnesses, a U.S judge revoked Sam Bankman-Fried’s bail.
The founder of cryptocurrency exchange FTX was accused of using $90 million in client deposits to donate to hundreds of political campaigns and political action committees.