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FTX's Sam Bankman-Fried sheds appeal of criminal conviction on fraud, conspiracy charges
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FTX founder and former CEO Sam Bankman-Fried lost his effort to overturn his conviction on fraud and conspiracy charges tied to the operation and collapse of his former crypto trading empire on Friday.
Key facts
- Io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model
- live as of 11 June 2026
- Earlier this week, Bankman-Fried formally asked U.S. President Donald Trump for a pardon, though Trump said in the past he was not considering pardoning the former FTX executive, unlike various other
- FTX founder and former CEO Sam Bankman-Fried lost his effort to overturn his conviction on fraud and conspiracy charges tied to the operation and collapse of his former crypto trading empire on Friday
- The panel's ruling similarly supported Judge Kaplan's actions throughout the trial
Summary
A Second Circuit Court of Appeals panel ruled that the onetime crypto executive's arguments that his trial was unfair were not persuasive, going through Bankman-Fried's contention that he was prevented from presenting all of his legal arguments and that he was blocked from arguing that FTX's investments would do well. "Bankman-Fried makes these arguments in the face of a trial at which the government’s evidence against him was, conservatively stated, robust," the ruling said. The panel ruled that Judge Lewis Kaplan, who oversaw the trial, did not make errors in how he handled objections or in his rulings about specific arguments and portions of evidence that the prosecution and defense wanted to introduce.