Former FTX CEO Sam “SBF” Bankman-Fried, who delivers a 25-year sentence after his conviction of the seven felony counts, will take the next step in his appeal process at a hearing scheduled for November.
According to a notice on Wednesday in the US Court of Appeals for the Second Circuit, Bankman-Fried’s appeal case was calendared for arguments on November 4. Moved from a New York City facility in March at one in California.
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Second circuit hearing is expected because Bankman-Fried’s lawyers have filed a Notice of appeal In April 2024 in his 2023 convincing and 25-year sentence. The legal bankman-fried team Argued with his appeal Filed in September 2024 that the former CEO was “never assumed to be innocent,” which also claimed that prosecutors have shown a “false narrative” of FTX user funds that are permanently lost.
Bankman-fried case included some of the most significant criminal charges against a high-profile cryptocurrency figure at that time. If the appeal court reverses the decision in the lower court, this may mean a new test or hearing on the SBF.
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The FTX, with many Bahamas-based employees, experienced severe liquidity issues and filed for losses in November 2022. Some of the C-suite executives were charged by the criminal after its collapse, but Bankman-Fried were the only one who clings to a non-guilty plea, which leads to a New York Trial Trial.
Although initially allowed to stay at his parents’ house after his extradition from the Bahamas, a judge SBF’s bail was revoked In August 2023 after hearing the evidence suggesting he attempted to scare the witnesses in his case.
Since March, Bankman fried is placed at the Federal Correctional Institution at Terminal Island in California. According to the US Bureau of Prisons, the expected release date is October 25, 2044.
There is still a criminal case connected to the FTX waiting its day in court
Following Bankman-Fried Trial and Home, the United States District Court for the Southern District of New York conducted a hearing discretion for four SBF comrades: former Alameda Research CEO Caroline Ellison (also SBF’s ex-girlfriend), former FTX Digital Markets Co-ceo Ryan Salame, FTX co-FOUNDER GARY Wang and former Gary Wang and former Gary Wang and former Gary Wang and former Gary Wang and former Gary Wang FTX Engineering Director Nished Singh.
Ellison, who sought sin and testified in Bankman-Fried’s trial, was penalized for two years In prison in September 2024. He was expected to be released in March 2026. Wang and Singh, who also testified, were both punished at the time served.
Salame, however, initially sought a sin in 2023 but later attempted to dismiss his request in response to prosecutors pursuing charges against his partner, Michelle Bond. She is eventually penalized for more than seven years In prison, where he reported in October 2024. Bond’s case continued at the time of publication.
Rumors of a presidential forgiveness
Reports suggested that Bankman-Fried, despite moving forward to the appeal court, could also be Looking for a forgiveness From US president Donald Trump. In an interview released in February, he signed a willingness To be closer to meet with Republicans and right politicians rather than Democrats.
It is unclear whether the trumpet could consider a forgiveness for the bankman-fry, the public’s attention to his case. Shortly after schooling in January, Trump forgave the founder of Silk Road Ross Ulbricht, who was punished for life in prison.
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