Appeals court upholds Sam Bankman-Fried’s 25-year sentence

• A US appeals court upheld Sam Bankman-Fried’s 25-year prison sentence for fraud related to the collapse of FTX.
• The court rejected his appeal and left the original conviction and sentence unchanged.
• The ruling keeps one of the most significant crypto fraud cases intact and ends a major challenge to the sentence.

A US appeals court upheld Sam Bankman-Fried’s 25-year prison sentence for fraud linked to the collapse of FTX.

The court rejected his appeal, leaving both his conviction and sentence unchanged.

Bankman-Fried was convicted on fraud and conspiracy charges after prosecutors said customer funds were misused.

The original sentence was imposed in 2024 after one of the largest failures in cryptocurrency industry history.

The appeals court found no basis to overturn the conviction or reduce the sentence.

The ruling keeps the sentence in place and closes a major stage in the legal proceedings against the former FTX founder.