NEW YORK, US - JANUARY 03: Sam Bankman-Fried leaves the court in New York, on January 03, 2023.
The victim, who wrote that 30 years worth of savings had been deposited into FTX three months before the exchange collapsed, is part of a last-minute push by prosecutors to sway Judge Kaplan ahead of the sentencing.
For months, Judge Kaplan has been weighing the appropriate punishment for Bankman-Fried's crimes related to the implosion of his $32 billion crypto empire.
Damaging testimonyBankman-Fried was convicted of wire fraud and conspiracy to commit wire fraud against FTX customers and against lenders to sister hedge fund Alameda Research, as well as conspiracy to commit securities fraud and conspiracy to commit commodities fraud against FTX investors, and conspiracy to commit money laundering.
The defense team has argued that Bankman-Fried's sentence should reflect the potential that FTX customers will be paid back in part or in full.
Persons:
Sam Bankman, Fried, Fatih Aktas, District Judge Lewis Kaplan, FTX, Kaplan, Yesha Yadav, Dean, Judge Kaplan, David Weinstein, Jones Walker, Weinstein, Mark Bini, Bini, Reed, Caroline Ellison, Yadav, Neama Rahmani, Tre Lovell, isn't, Lovell, he's, it's
Organizations:
Anadolu Agency, Getty, Department of Justice, U.S, District, Prosecutors, Vanderbilt University, CNBC, Alameda Research, Bloomberg, Southern, of, Los
Locations:
New York, Manhattan, of New York, SBF, Los Angeles