Sam Bankman-Fried Appeals Fraud Conviction, Seeking to Overturn 25-Year Sentence

Nearly two years after the collapse of cryptocurrency exchange FTX sent shockwaves through the digital asset industry, Sam Bankman-Fried, its founder, is back in court. He’s appealing his fraud conviction and 25-year prison sentence in a high-stakes legal battle that could drastically reshape the future of cryptocurrencies. 2024 marks two years since FTX’s dramatic downfall triggered an unprecedented financial crisis, leaving thousands of investors without access to their funds. Bankman-Fried’s defense team has argued that his trial was flawed, claiming he wasn’t given a fair chance at defending himself. They are challenging the conviction and arguing for leniency in light of what they claim were procedural missteps during the trial process.