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Sam Bankman-Fried loses appeal of fraud conviction
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A federal appeals court upheld Sam Bankman-Fried’s fraud conviction and 25-year sentence on Friday. The former FTX CEO continues to seek a presidential pardon from Donald Trump as his remaining option.
A bipartisan group of US senators plans to introduce a resolution reaffirming the conviction and sentence of former FTX CEO Sam Bankman-Fried. The move follows his request for a presidential pardon.
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Sam Bankman-Fried, the imprisoned founder of the collapsed FTX exchange, has formally applied for a presidential pardon from Donald Trump. The move triggered a sharp rally in the FTT token, which rose more than 50 percent in a day.
May 24, 2026 02:45