bankman-fried

Sam Bankman loses his appeal: Federal Court confirms his fraud conviction

This Friday, the federal appeals court of the second circuit unanimously upheld the conviction of Sam Bankman-Fried and his 25-year prison sentence for fraud. The judges dismissed all his arguments, labeling the government's evidence as 'solid'. For the fallen FTX founder, the legal pathway is now closed.

In Brief

The federal appeals court unanimously validated the 25-year sentence imposed on Sam Bankman-Fried in 2023.

The judges rejected the defense's main argument: that FTX could have reimbursed its customers, as fraud is established once false statements are used to obtain money.

SBF officially submitted a presidential pardon request to the DOJ on June 8, 2026, his only remaining recourse.

Sam Bankman's conviction withstands the appeal

The decision handed down on Friday by the judges in Manhattan leaves no room for doubt. Bankman-Fried claimed that FTX remained solvent at the time of the events and that his clients could have been fully reimbursed. This argument, based on FTX's liquidation and effective reimbursements to creditors, did not convince the court.

The judges cited a Supreme Court ruling from 2025 to decide. Fraud is established when a 'material false statement' is used to deceive victims and obtain funds, regardless of whether the accused intends to cause them a net loss.

$MAT
$FROGGIE
$SAMSUNG
#Bankman-Fried

🚨 SBF’S APPEAL CRUSHED: 25-YEAR PRISON SENTENCE STANDS 🚨

⚖️ Major update from one of crypto’s biggest scandals.

Sam #Bankman-Fried has officially failed in his attempt to overturn both his fraud conviction and 25-year prison sentence.

The court rejected his appeal, leaving the former FTX CEO facing the full consequences of one of the most infamous collapses in crypto history.

This decision marks another significant chapter in the fallout from the FTX disaster, reinforcing the message that accountability remains a key focus for regulators and the legal system.

A landmark moment that continues to shape trust, regulation, and the future of the crypto industry. 🔥$TRUMP $ESPORTS $MUB
#CryptoNewss

ALAMEDA TRANSFERS $15.2 MILLION FROM SOL TO BITGO

Ten hours after withdrawing 201.740 $SOL , Alameda Research/FTX’s bankrupt portfolio moved 201.780 $SOL (approximately $15.2 million) through several BitGo custody wallets.

The funds are being routed for sale in the over-the-counter (OTC) market.

Meanwhile, FTX founder Sam Bankman-Fried remains in prison serving a 25-year sentence.

~ #FTX #BitGo #Bankman-Fried #AlamedaResearch #OTC $FTT

$BANK BANK coin (the distinctive token of the Bankless DAO organization and its related ecosystem) moves through today’s trading on Saturday within a calm, slightly stability-leaning accumulation trading range; where the price is trading in levels between $0.105 and $0.118 USD, influenced by the general cooling of sentiment and the steadiness of overall crypto market movements during the weekend.
Key data points and indicators driving the BANK coin today:
Stronghold of immediate support levels:
Today, the coin successfully defends the immediate technical support zones between $0.100 and $0.105. Analysts believe that the buyers’ ability to protect this range reduces the sell pressure arising from immediate profit-taking, helping to build a cohesive price base for the near-term range.
Dependence on the media and educational ecosystem:
The coin draws its core appeal from the ongoing expansion of the Bankless ecosystem in providing educational and analytical content across areas of decentralized finance ($DeFi$) and digital assets. Community and user engagement with governance tools and newsletters serves as a recurring driver of actual demand for the token.
$BANK #bank #BankruptcyUpdate #Bankless #Banking #Bankman-Fried

🚨 JUST IN: Sam Bankman-Fried says he would "absolutely" seek a presidential pardon from Trump, according to Fox News.$STG $MOVE $NEAR
#GoldFallsBelow200DayAverage #KOSPIDropsOver8PctTradingHalt #TRUMP #Bankman-Fried