When it unexpectedly filed for bankruptcy in November 2022, he was the company’s main executive, preventing millions of users from accessing their accounts or making withdrawals.
The 32-year-old American may have received a sentence of up to 100 years in prison, but last month, his attorneys contended that a five-year sentence would have been more suitable and that the maximum punishment would have been “barbaric”.
His punishment was originally reported to be 20 years, but it has subsequently been changed to 25 years.
The prosecution had requested that Bankman-Fried be imprisoned for 40 to 50 years, claiming that the public needed to be protected from the fraudster and that a severe penalty would serve as a deterrent to future offenders.
Prosecutors claimed in a court document that “the defendant victimized tens of thousands of people and companies, across several continents, over a period of multiple years.”
