Shamed CEO , 32, is set to appear in court later this week to face justice for stealing billions from crypto investors with prosecutors wanting him to spend decades behind bars and his defense demanding he be freed by age 40. Once worth over $26 billion, Bankman-Fried faces a maximum of 110 years in prison for defrauding FTX customers and investors. He conspired with senior officers at his company to steal roughly $8 billion in customer deposits that were supposed to be safe on the FTX cryptocurrency exchange, which froze withdrawals and went bankrupt in November 2022.
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