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Sam Bankman-Fried Files Appeal for FTX Trial
Disgraced FTX founder Sam Bankman-Fried has officially filed his notice of appeal for his FTX trial. He is requesting to stay in a Brooklyn, New York prison to be closer to his legal team.
Court Filing Details
In the court filing, lawyers for Bankman-Fried formally filed to appeal his 25-year prison sentence following the FTX fraudster’s grueling landmark fraud trial last fall. Attorneys for the FTX founder also requested that Judge Lewis A. Kaplan keep Bankman-Fried at the Metropolitan Detention Center in Brooklyn to facilitate access to his appellate counsel.
Prison Conditions
During his sentencing, lawyers for Bankman-Fried described the Metropolitan Detention Center as “the worst federal jail in the country.” Bankman-Fried’s lawyers highlighted issues such as lack of access to water and poor electricity. They also mentioned his struggles to find food suitable for his vegan diet in prison.
Legal Developments
Former FTX CEO, Ryan Salame, will be the first of SBF’s co-conspirators to face legal punishment for his role in the crypto scandal when he is sentenced on May 28. Salame is currently out on a $1 million bond after pleading guilty to violating campaign finance laws and operating an unlicensed money-transmitting business.
Bankman-Fried’s camp’s latest legal move marks the beginning of a lengthy appeal process for the FTX founder.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
