Sam Bankman-Fried (SBF, former CEO of FTX) was convicted of multiple counts of fraud and conspiracy in November 2023 and sentenced to 25 years in prison in March 2024. He is currently in the appeals process, focusing on allegations of errors in the trial process, judicial bias, and violations of the presumption of innocence.
As of November 2, 2025, the appeal hearing (oral arguments) is scheduled to take place on November 4 in the U.S. Court of Appeals for the Second Circuit. SBF's legal team hopes to overturn the original verdict or reduce the sentence through this appeal. Recently, his family released a 64-page narrative titled "Liquidity Crisis" in an attempt to defend against the FTX bankruptcy, claiming that FTX was never truly insolvent.
The results of the hearing have not yet been released, and a preliminary ruling is expected to take months. If the appeal fails, he will continue to serve his sentence; if successful, there may be a retrial or sentence reduction. No further updates are available, and attention is focused on developments after November 4.
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