Sam Bankman Fried Faces November Appeal Hearing in New York

SBF’s legal team argues he was denied the presumption of innocence and that prosecutors misrepresented FTX user funds during ￰0￱ outcome could result in a new trial or a revised sentence. Meanwhile, several former executives have already been sentenced, including Caroline Ellison, Gary Wang, Nishad Singh, and Ryan Salame, with Michelle Bond’s case still ￰1￱ Appeal Hearing Set for November Former FTX CEO Sam Bankman-Fried is set to take the next step in his appeals process with a hearing that is scheduled for November in the US Court of Appeals for the Second ￰2￱ court calendared arguments for Nov. 4, and it will be the first major development in his case since his transfer in March from a New York facility to the Federal Correctional Institution at Terminal Island in California.

Bankman-Fried was convicted on seven felony counts and sentenced to 25 years in prison in 2023, but has maintained that he was denied the presumption of innocence during his ￰3￱ legal team argued in their September of 2024 appeal filing that prosecutors mischaracterized FTX user funds as permanently ￰4￱ the appellate court rules in his favor, the outcome could include a new trial or a revised sentencing. Bankman-Fried’s conviction followed the collapse of FTX in November 2022, when the exchange filed for bankruptcy amid a severe liquidity ￰5￱ several top executives pleaded guilty and cooperated with prosecutors, Bankman-Fried alone maintained a not guilty plea, which led to one of the most closely watched crypto-related trials to ￰6￱ his extradition from the Bahamas, he was initially allowed to stay at his parents’ home in California, but a judge revoked his bail in August of 2023 after evidence emerged suggesting he tried to intimidate ￰7￱ to the US Bureau of Prisons, his projected release date is Oct. 25, ￰8￱ fallout from the FTX collapse also affected other ￰9￱ Ellison, former Alameda Research CEO and Bankman-Fried’s ex-girlfriend, was sentenced to two years in prison in 2024 after testifying against ￰10￱ co-founder Gary Wang and former engineering director Nishad Singh both received sentences of time served, while former FTX Digital Markets co-CEO Ryan Salame was given more than seven years in prison after his failed attempt to vacate his guilty ￰11￱ partner, Michelle Bond, is still facing charges, with her case pending.