Former crypto mogul Sam Bankman-Fried potentially faces decades in prison for his role in the 2022 collapse of FTX, once one of the world's most popular platforms for trading digital currency.and is due to be sentenced on Thursday.
“The defendant victimised tens of thousands of people and companies, across several continents, over a period of multiple years," prosecutors told Judge Lewis A. Kaplan in a court filing. They also say FTX's investors have largely recovered their funds - a claim disputed by bankruptcy lawyers, FTX and its creditors.
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