SBF’s New Trial Bid Rejected as 25-Year FTX Fraud Sentence Stands
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On June 12, 2026 a three-judge panel of the 2nd U.S. Circuit Court of Appeals denied Sam Bankman‑Fried’s appeal, upholding his 25-year prison sentence and 2023 conviction on seven felony counts tied to the $8 billion FTX collapse. The court rejected defense solvency evidence and found customer funds were used to cover Alameda losses, a decision that reinforces enforcement and accountability in crypto and CEX operations while leaving further appeals possible but with steep odds.
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- A three-judge panel of the Court of Appeals denied SBF’s appeal, upholding his 25-year FTX fraud sentence.
- Defense claims solvency evidence rejected; court found customer funds were used to cover Alameda losses.
- Further appeals are possible but face steep odds as the ruling reinforces crypto fraud accountability.
On June 12, 2026, FTX founder Sam Bankman-Fried (SBF) lost his bid to overturn his fraud conviction and 25-year prison sentence, as a federal appeals court rejected claims of unfair trial over the $8 billion crypto collapse. The ruling brings closure to one of the largest financial fraud cases and signals tougher accountability for crypto executives.
Appeals Court Rejects SBF New Trial Bid
According to sources, the 2nd U.S. Circuit Court of Appeals in Manhattan has denied SBF’s appeal, upholding his 2023 conviction on seven felony counts, includ…
Read The Full Article SBF’s New Trial Bid Rejected as 25-Year FTX Fraud Sentence Stands On Coin Edition.
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