More than 100 interested parties want to buy part of the failed crypto exchange FTX.
According to court documents reviewed by Business Insider, lawyers handling the FTX’s Chapter 11 bankruptcy case are planning to auction off four of the companies previously run by disgraced former CEO Sam Bankman-Fried.
Bankman-Fried currently faces up to 115 years in prison if found guilty of all eight counts against him by federal prosecutors, including wire fraud, but it is unlikely he will face the maximum possible sentence even if he is found guilty, say legal experts.
The co-founder of FTX pleaded not guilty to using $8 billion of customers’ money to fund luxury purchases and political donations….