Breaking!!!!
According to Bloomberg, U.S. prosecutors are seeking a lengthy prison sentence of up to 50 years for FTX founder Sam Bankman-Fried, characterizing him as a "depraved super-villain," a portrayal criticized by Bankman-Fried's legal team as a "medieval view of punishment." Prosecutors argue that Bankman-Fried's involvement in a massive crime targeting over 1 million victims justifies the harsh sentence, citing losses exceeding $10 billion from FTX's collapse. However, Bankman-Fried's defense team proposes a significantly shorter prison term of 5.25 to 6.5 years, highlighting that FTX's clients were reimbursed despite the exchange's demise.
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