Sam Bankman-Fried will appeal his conviction and 25-year prison sentence for committing a multibillion-dollar fraud at his once-thriving cryptocurrency exchange.
FTX co-founder
The filing comes two weeks after Judge Lewis A. Kaplan sentenced Bankman-Fried to more than two decades in prison, finding the former chief executive officer was not truly remorseful for the “very serious crime.”It is unclear on what grounds Bankman-Fried intends to appeal. In a change of tune from his earlier protests about the tough conditions at Brooklyn’s Metropolitan Detention Center, Bankman-Fried has also requested to stay at the notorious prison while his appeal plays out.Bankman-Fried has long maintained his innocence, claiming he didn’t knowingly commit fraud or steal $10 billion from customers, investors and lenders.
Crypto Exchanges Cryptocurrency Exchanges Digital Fraud FTX Lewis A. Kaplan Sam Bankman-Fried (SBF) Business Cryptocurrency
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