Last November, Bankman-Fried, 32, of Stanford, California, was convicted on two wire fraud conspiracy crimes,
two wire fraud offenses, and one money laundering conspiracy count, each of which carries a 20-year prison sentence.
He also faced five-year jail sentences for conspiracy to commit commodities and securities fraud.
He was accused of utilizing customer deposits on FTX, the cryptocurrency trading platform
he developed, to offset hedge fund losses, pay off creditors, and buy luxury real estate.
Before sentence, Bankman-Fried stood at the defense table with his arms folded, staring down and murmuring.
I threw it all away. He said it bothers him daily. I made some stupid choices. They were lousy decisions, not selfish or selfless."