Sam Bankman-Fried, the founder of FTX, a bankrupt crypto exchange, is appealing his 25-year prison sentence after being convicted by a New York court in March of stealing $8 billion from customers. At 32 years old, Bankman-Fried has denied stealing from his customers but admits making mistakes that led to the collapse of FTX. The prosecutors had demanded a prison sentence of 40 to 50 years, making the 25-year sentence lower than expected.
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