FTX Co-founder Appeals Conviction and Prison Sentence

FTX co-founder and former CEO Sam Bankman-Fried is appealing both his conviction and 25-year prison sentence after he was found guilty of defrauding investors and customers of his now-bankrupt cryptocurrency exchange. Attorneys for the former billionaire filed the appeal Thursday, along with a notice requesting that U.S. District Judge Lewis Kaplan allow Bankman-Fried to remain at the Brooklyn Metropolitan Detention Center while he prepares to appeal in Manhattan federal court.

FTX AND SAM BANKMAN-FRIED'S TRIAL: THE PLAYERS In November, a jury found Bankman-Fried guilty on all charges related to the collapse of his now-bankrupt cryptocurrency exchange in the first of two criminal trials against the former CEO.

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FTX founder Sam Bankman-Fried appeals fraud conviction, 25-year prison sentenceSam Bankman-Fried was convicted of overseeing a conspiracy that looted customer funds at his FTX cryptocurrency exchange and a related hedge fund.
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FTX Founder Sam Bankman-Fried Appeals Fraud ConvictionNikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.
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