Sam Bankman-Fried, the former CEO of the now-defunct FTX cryptocurrency exchange, has officially filed an appeal against his conviction and the 25-year prison sentence handed down to him for his role in an $8 billion fraud. The appeal was filed with the 2nd U.S. Circuit Court of Appeals based in Manhattan, signaling the start of a possible long, drawn-out legal battle.
The Appeal Process Begins
Previously a billionaire and a notable figure in the world of cryptocurrency, Bankman-Fried was sentenced on March 28, 2024, following his convictions of fraud and conspiracy on seven counts. His attorney, Marc Mukasey, who led his defense team, indicated during the sentencing that they would appeal.
The appeal questions the fairness of the trial conducted by U.S. District Judge Lewis Kaplan and the legal basis for the conviction and sentence.
The defense of Bankman-Fried claims that crucial mistakes took place at the trial, resulting in the deprivation of his rights and unfair trial proceeding
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