Sam Bankman-Fried | Crypto

Sam Bankman-Fried has appeared on X with a “gm” post as FTT has risen more than 18% in 24 hours, according to CoinGecko. A later reply has said a friend posted on his behalf. He has been serving a 25-year sentence, with appeal arguments scheduled for Nov. 4 in the Second Circuit. The post FTT Surges As Sam Bankman-Fried’s X Account Posts Good Morning Message appeared first on Cryptonews.

Almost two years after Sam Bankman-Fried was sentenced to 25 years in prison for his role in the downfall of crypto exchange FTX, the former CEO's lawyers will return to court. Former FTX CEO Sam “SBF” Bankman-Fried, serving a 25-year sentence after his conviction on seven felony counts, will take the next step in his appeals process with a hearing scheduled for November. According to a Wednesday notice in the US Court of Appeals for the Second Circuit, Bankman-Fried’s appeals case has been calendared for arguments on Nov. 4. The court proceeding will mark the first significant movement in the former CEO’s criminal case since his transfer from a New York City facility in March to one in California.  The hearing in the Second Circuit had been expected since Bankman-Fried’s lawyers filed a notice of appeal in April 2024 over his 2023 conviction and 25-year sentence. Bankman-Fried’s legal team argued in his appeal filed in September 2024 that the former CEO was “never presumed innocent,” also claiming that prose...

Sam Bankman-Fried has been moved from New York’s Metropolitan Detention Center to a transfer hub in Oklahoma after a solitary stint over an unauthorized interview. The 25-year term runs to December 2044, while FTX plans 119% creditor payouts beginning May 30, 2025. The post Sam Bankman-Fried to Walk Free in 2044 – BOP Quietly Knocks 4 Years Off 25-Year Term appeared first on Cryptonews.