Sam Bankman-Fried, the former CEO of FTX, faces 19 years in prison as his legal team prepares to appeal his conviction. On Tuesday, the US Court of Appeals for the Second Circuit will hear arguments from his lawyers, who claim he was never presumed innocent and that they were denied the chance to present evidence about FTX's solvency. The appeal argues that the narrative of Bankman-Fried stealing billions and driving FTX to insolvency was misleading. They assert that evidence now suggests FTX was solvent and had significant assets to repay customers, which the jury did not see during the trial. Following FTX's collapse in November 2022, Bankman-Fried was extradited from the Bahamas and convicted on seven felony counts in November 2023, receiving a 25-year sentence in March 2024. His case has attracted significant attention, especially given his political contributions. The appeals court will determine if he deserves a new trial or if his conviction will stand. Read more AI-generated news on: https://app.chaingpt.org/news