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2 clusters · 4 sources · 3 days · First seen · Last updated

Sam Bankman‑Fried conviction upheld

Overview

In early August 2026 the U.S. Court of Appeals for the Second Circuit rejected former FTX CEO Sam Bankman‑Fried’s attempt to overturn his fraud convictions and 25‑year prison sentence. The court’s decision on August 4 confirmed the lower‑court judgment and left only a slim chance of a U.S. Supreme Court review.

Two days later, on August 6, the appellate court issued a formal mandate that not only affirmed the conviction on seven felony counts but also upheld a New York court’s $11 billion forfeiture order tied to the 2022 collapse of the FTX exchange. Judges dismissed Bankman‑Fried’s arguments that he intended to repay customers, emphasizing the diversion of client funds to Alameda Research. With the mandate in place, his remaining legal options are limited to a possible presidential pardon or a Supreme Court petition, underscoring continued regulatory scrutiny of cryptocurrency founders.

Entities

Alameda Research · FTX · Sam Bankman‑Fried · U.S. Court of Appeals for the Second Circuit · Second United States Circuit Court of Appeals

Timeline

  1. 8 days ago

    [CRIME] 2 sources
    US Appeals Court Upholds Sam Bankman‑Fried Conviction

    A U.S. appeals court upheld former FTX CEO Sam Bankman‑Fried’s fraud conviction, 25‑year sentence and $11 billion forfeiture, limiting his remaining legal options and underscoring crypto accountability.

  2. 10 days ago

    [BUSINESS] 2 sources
    Sam Bankman-Fried Appeal Rejected, 25‑Year Prison Term Upheld

    The U.S. Second Circuit Court of Appeals rejected Sam Bankman‑Fried’s appeal, upholding his fraud convictions and 25‑year sentence, closing his last major appellate option.

Sources

blocktempo.com · cointelegraph.com · nosmokesport.com · tekedia.com