Sam Bankman-Fried demands shorter prison sentence

Sam Bankman-Fried (SBF) faces 115 years in prison. The FTX founder favors a significantly shorter sentence and makes several arguments.

The trial of Sam Bankman-Fried (SBF) is nearing its end. The FTX-founder has already been convicted on seven counts, now only the sentence remains.

SBF yesterday filed a petition in the appropriate court in New York. In it, the 31-year-old pleaded guilty to imprisonment, albeit significantly less than the maximum sentence.

Bankman-Fried wants between 63 and 78 months in prison, or a maximum of 6.5 years.

His defense made several arguments. For example, his actions were not characterized by fraudulent intentions. He had already suffered punishment due to the loss of his businesses and public condemnation.

The lawyers also emphasize his early philanthropic efforts. Moreover, a prison sentence would negatively affect his mental and emotional state.

A former fellow inmate had previously described SBF's condition in a interview. He spoke of a "neglect" of the former crypto tycoon.

It remains to be seen whether the court will consider Bankman-Fried's arguments. He faces a prison sentence of up to 115 years, the verdict of which will be announced in late March.