Sam Bankman-Fried Loses Appeal of FTX Fraud Conviction

The former crypto billionaire, sentenced to 25 years in prison, has also submitted a request for a presidential pardon.
Sam Bankman-Fried Loses Appeal of FTX Fraud Conviction
Indicted FTX founder Sam Bankman-Fried leaves the U.S. courthouse in New York City on July 26, 2023. Amr Alfiky/Reuters
Bill Pan
Bill Pan
Reporter
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A federal appeals court has upheld the fraud conviction of Sam Bankman-Fried, founder of the now-defunct FTX cryptocurrency exchange.

In an opinion issued on June 12, a three-judge panel of the U.S. Court of Appeals for the Second Circuit, based in the New York City borough of Manhattan, rejected arguments from Bankman-Fried’s attorneys that his 2023 trial was unfair and that the presiding judge was biased against him, among other claims.