Prosecutors Recommend 40-50 years in prison for Cryptocurrency Guru Bankman-Fried. The architect of the FTX platform was found guilty in November of seven counts of fraud and conspiracy.

Lawyers for the 32-year-old former billionaire suggested to Judge Kaplan that a sentence of between 5.5 and 6.5 years would be appropriate. The prosecutors' recommendation, however, cuts in half the initial prospect of a possible life sentence for the convicted fraudulently traded cryptocurrency magnate.