Former crypto mogul Sam Bankman-Fried faces the potential of decades in prison when he is sentenced for his role in the 2022 collapse of FTX.
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Bankman-Fried’s attorneys, friends and family have urged leniency, saying he is unlikely to reoffend again. They also say FTX's investors have largely recovered their funds — a claim disputed by bankruptcy lawyers, FTX and its creditors. Bankman-Fried was worth billions of dollars on paper as the co-founder and CEO of FTX, which was the second-largest cryptocurrency exchange in the world at one time.
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