Sam Bankman-Fried — former FTX CEO, convicted of fraud in 2023 and sentenced to 25 years — just had his appeal rejected by the 2nd Circuit. Next stop: the US Supreme Court.
CNN reports his lawyers filed a petition on two grounds: the trial judge wrongly excluded evidence that his investments would have covered customer losses, and the
$11B forfeiture violates the Eighth Amendment's ban on excessive fines.He's also applied for a pardon from Trump. Hedging on all fronts.
Cointelegraph