America News Agency

Sam Bankman-Fried, General Manager of FTX, which suddenly went bankrupt in November 2022 and froze the accounts of millions of users, causing them to suffer losses. Secret backdoors that allowed SBF's other company, Alameda Research, to access the money of FTX customers and make risky bets without their knowledge. was created.

Prosecutors had asked the judge to sentence Bankman-Fried to 40 to 50 years in prison, arguing that the public needed to be protected from fraudsters and that a harsh sentence would deter other criminals.

"The defendant victimized tens of thousands of people and companies on many continents over several years," prosecutors said in the indictment.

"He stole money from clients who entrusted him with the money, lied to investors, sent false documents to lenders, pumped millions of dollars in illegal donations into our political system, and bribed foreign officials. Each of these crimes is remarkable," he said.