A jury in Manhattan convicted Bankman-Fried in November of seven charges, including wire fraud and conspiracy.
Prosecutors said he directed the transfer of FTX customer money into Alameda Research, an affiliated hedge fund, for risky investments, political donations and expensive real estate before both companies collapsed into bankruptcy in 2022.
Before then, FTX was valued at $32 billion.
During the trial, several close colleagues and friends at FTX and Alameda testified against him, some in hopes of lenient sentencing for their own admitted crimes.
(Credit: Photographer: Victor J. Blue/Bloomberg)
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