Sam Bankman-Fried loses appeal to overturn fraud convictions and prison
Key takeaways
- If the former crypto billionaire loses all remaining avenues, he would be eligible for release in 2044.
- In a unanimous decision on Friday, a three-judge panel of the Manhattan-based 2nd United States Circuit Court of Appeals said prosecutors’ evidence against Bankman-Fried “was, conservatively stated, robust”.
- Bankman-Fried’s lawyers did not immediately respond to a request for comment.
Why this matters: an international story with cross-border implications worth tracking.
If the former crypto billionaire loses all remaining avenues, he would be eligible for release in 2044.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Before FTX collapsed, Sam Bankman-Fried was a rising star in the rough-and-tumble crypto industry who burnished his reputation with lavish philanthropic and political donations [File: Alex Wong/Getty Images/AFP]By Reuters Published On 12 Jun 202612 Jun 2026Former crypto tycoon Sam Bankman-Fried has lost his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he founded.
In a unanimous decision on Friday, a three-judge panel of the Manhattan-based 2nd United States Circuit Court of Appeals said prosecutors’ evidence against Bankman-Fried “was, conservatively stated, robust”.