Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case
Sam Bankman-Fried lost his appeal against a fraud conviction on Friday, resulting in a 25-year prison sentence. A three-judge panel upheld the ruling, citing overwhelming evidence of his guilt in stealing $8 billion from FTX customers. Bankman-Fried, a former crypto mogul, is incarcerated in California and eligible for release in 2044.
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 12 Jun 2026, 13:52 UTC · Updated 12 Jun 2026, 14:00 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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