Sam Bankman-Fried Appeals Conviction, Seeking Retrial for FTX Collapse

Sam Bankman-Fried’s appeal against his 25-year sentence for the collapse of FTX has been filed. The hearing is scheduled for November 2025 before the Second Circuit Court of Appeals. His legal team, led by Alexandra Shapiro, asserts that the trial was flawed due to perceived judicial bias, citing potential connections between President Biden’s anti-crypto stance and his arrest prior to a crucial crypto bill vote. This appeal seeks to overturn the conviction and re-initiate proceedings. While the crypto market has remained relatively unaffected by this development, legal disputes surrounding FTX continue to cast a long shadow over the industry.