As Reuters reports, the disgraced cryptocurrency exchange founder will ask a federal appeals court to overturn his fraud conviction.
Bankman-Fried was convicted of fraud in 2023 and sentenced the following year to a 25-year prison term. At trial, prosecutors had called what happened to FTX a “fraud of epic proportions,” while the defense countered that Bankman-Fried had made mistakes at the company but had never stolen customer funds.
According to the Reuters report, attorneys for Bankman-Fried are expected to argue their client did not get a fair trial because the judge in the case did not permit evidence to support Bankman-Fried’s belief…
Nov 04 2025
