
Appeal Rejected: SBF’s 25-Year Fraud Sentence Stands
A federal appeals court rejected Sam Bankman-Fried’s bid to overturn his fraud conviction and 25-year prison sentence, leaving the sentence intact.
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A federal appeals court rejected Sam Bankman-Fried’s bid to overturn his fraud conviction and 25-year prison sentence, leaving the sentence intact.

Sam Bankman-Fried has formally requested a presidential pardon through the DOJ’s Pardon Attorney, asking for a pardon after completing his 25-year sentence for the FTX collapse, with his appeal pending in New York. Trump has shown no clear interest in granting clemency, while SBF has publicly pursued clemency tactics and given interviews from prison as part of his push.

Sam Bankman-Fried, the former FTX CEO convicted of fraud and serving a 25-year sentence, has formally applied for a presidential pardon with the Justice Department. The move would restore certain civil liberties after he completes his sentence but would not erase the conviction. He has signaled support for Trump from prison, despite previously donating to Democratic campaigns, and Trump has previously said he does not plan to pardon him.

Jailed former FTX founder Sam Bankman-Fried has applied for a presidential pardon from Donald Trump after serving part of a 25-year fraud sentence tied to FTX and Alameda Research; he is appealing the conviction and maintains innocence, while Trump previously indicated he would not pardon him and the White House declined to comment.

Sam Bankman-Fried has formally requested a presidential pardon from Donald Trump, with DOJ records showing a 2026 filing for a 'pardon after completion of sentence' that remains pending. He is serving a 25-year federal sentence for a fraud scheme tied to FTX and Alameda Research. Trump has previously said he has no intention of pardoning him, and there were no comments from the White House or DOJ.

Caroline Ellison, former Alameda Research head and on‑again partner of Sam Bankman-Fried, was released from federal custody after serving about 14 months for seven charges tied to the FTX fraud; she testified against Bankman‑Fried, who received a 25‑year sentence, and Ellison was ordered to forfeit $11 billion, marking a late chapter in one of the largest U.S. financial-fraud investigations.

Caroline Ellison, former Alameda Research CEO and star witness in Sam Bankman-Fried’s trial, has been released from federal custody after roughly 14 months and will serve the remainder of her two-year sentence under community confinement (home confinement or a halfway house) with three years of supervised release; Bankman-Fried remains imprisoned on a 25-year sentence.

Sam Bankman-Fried, the former FTX CEO serving 25 years for crypto fraud, is reportedly giving legal advice to fellow inmates, including high-profile figures like Juan Orlando Hernandez and Sean Combs, sparking public criticism about his credibility and judgment.

Caroline Ellison, former CEO of Alameda Research and involved in the FTX fraud scheme, has been moved from federal prison to community confinement, with her projected release date moved up to February 2026, after serving about 11 months of her two-year sentence.

Sam Bankman-Fried's lawyer claims that his trial related to FTX was 'fundamentally unfair,' highlighting concerns about the legal process surrounding the FTX founder.

A court is reviewing whether Sam Bankman-Fried's trial was fair after his lawyers argue that he was unfairly given an early preview of his testimony, which they claim influenced the verdict. Bankman-Fried was convicted of multiple fraud charges related to the collapse of FTX, and his legal team is seeking a new trial, citing procedural errors and unfair practices during his original trial.

Sam Bankman-Fried's last legal hope to overturn his 2023 fraud conviction will be heard on November 4th, with his lawyers arguing that his trial was unfair due to judge bias and procedural issues. If the appeal fails, his sentence may become permanent, though some speculate he might seek a pardon through political connections.

Sam Bankman-Fried, the former CEO of FTX, admitted that his biggest mistake was handing control of the company to new management before its bankruptcy, which he claims cost him a chance to save the firm. Following the collapse of FTX and its sister company Alameda Research, Bankman-Fried is serving a 25-year sentence for multiple felony charges. The company has since been working to repay creditors, with billions already distributed, and is estimated to have up to $16.5 billion in recoverable assets.

FTX is set to distribute $1.6 billion to creditors on September 30th, slightly less than initially promised, which could potentially boost altcoin markets amid high optimism, although the impact depends on how much funds re-enter the crypto space. Meanwhile, Sam Bankman-Fried plans to appeal his conviction, adding to the ongoing developments in the crypto world.

FTX will distribute approximately $1.6 billion to creditors in its third distribution on September 30, 2025, following its Chapter 11 reorganization plan. Eligible creditors must complete KYC, tax forms, and onboarding with designated service providers (Bitgo, Kraken, Payoneer) to receive funds, which will be paid directly to these providers. The distribution includes various classes of claims, with some receiving up to 120%.