SBF sentencing live updates: FTX founder says he made 'selfish decisions' at failed crypto exchange

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• FTX founder Sam Bankman-Fried is in New York federal court for sentencing for a huge fraud and conspiracy at his cryptocurrency exchange and a related hedge fund.
• Judge Lewis Kaplan said he increased the sentencing guidelines because SBF perjured himself, to a maximum of 110 years in prison.
• Bankman-Fried delivered a winding apology statement, saying he made "selfish decisions," that haunt him "every day."

FTX founder Sam Bankman-Fried told a judge at his criminal sentencing hearing that he made a "series of selfish decisions" at the failed cryptocurrency exchange.

"They built something really beautiful and I threw all of that away," Bankman-Fried said of his co-workers at FTX. "It haunts me every day."

"It's been excruciating to watch this all unfold," he said. "Customers don't deserve this level of pain.

"I was the CEO of FTX and I was responsible."

SBF faces a maximum possible sentence of 110 years in prison under federal sentencing guidelines for the massive fraud conspiracy that led to the collapse of FTX and a related hedge fund, a judge ruled Thursday.

Judge Lewis Kaplan increased the sentencing guidelines range for Bankman-Fried after finding that he had perjured himself at his trial and knowingly obstructed justice.

Kaplan, who will sentence SBF later Thursday in Manhattan federal court, is not bound to give him that much time. But the ruling underscores the risk that Bankman-Fried will spend decades in jail.

The judge also found Thursday that the total loss of the fraud at FTX exceeded $550 million. Anything more than that is "just gravy," Kaplan noted, referring to the fact that any more loss would not increase the top end of the guidelines.

However, Kaplan said he