SBF and a prison window

Prosecutors Seek 40-50 Year Prison Term for Former FTX CEO Sam Bankman-Fried

In a dramatic turn of events, U.S. prosecutors have recommended an unprecedented prison sentence of 40 to 50 years along with an imposing fine exceeding $11 billion for Sam Bankman-Fried, the former CEO of FTX, a now-bankrupt cryptocurrency exchange. The sentencing, slated for March 28, follows Bankman-Fried’s conviction on seven counts of fraud and conspiracy by a jury in November.

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Hacker and bitcoin

Bitcoin Fog Mastermind Eyes 20-Year Jail Term Amid Criminal Conviction

Roman Sterlingov, the brain of Bitcoin Fog crypto mixer, has been convicted by a jury on a four-count indictment that may result in 20 years in prison. The 35-year-old man behind Bitcoin Fog, a cryptocurrency mixing service, has been convicted for his involvement in various money laundering schemes.

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