SBF sentencing: Letters highlight efforts to recover FTX funds
The FTX collapse and initial efforts to recover funds are described in new letters attached to Sam Bankman-Fried’s sentencing submission.
New letters attached to Sam “SBF” Bankman-Fried's criminal court case are providing details on the days following FTX collapse and initial efforts to recover funds.
The legal counsel for the former FTX CEO filed a memo in the U.S. District Court in Manhattan on Feb. 27 requesting a prison sentence of less than seven years on multiple counts of fraud and money laundering. Along with the sentencing submission, a total of 29 supportive letters were attached for Judge Lewis Kaplan’s review.
At least two letters specifically address the earliest efforts to recover FTX’s customer funds after the November 2022 bank run that led to the exchange’s bankruptcy.
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