Former FTX CEO Sam Bankman-Fried on Tuesday appealed to a court for a reduced prison sentence, following his conviction for fraud. What Happened: Bankman-Fried’s legal team has submitted a court filing challenging the Presentence Investigation Report (PSR) that recommends a 100-year prison sentence, describing it as “grotesque,” CoinDesk reported. The lawyers argue that Bankman-Fried, a first-time, non-violent offender, was involved in the fraudulent conduct along with at least four other individuals. They also noted that the victims are set to recover their full losses. See Also: Trump-Era Of…

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