Second Circuit Affirms SBF's Fraud Conviction and 25-Year Sentence (3 minute read) (opens in new tab)

The Second Circuit affirmed Sam Bankman-Fried's conviction on seven counts of fraud and conspiracy and his 25-year sentence, eliminating his most direct path to overturning the 2023 verdict. The three-judge panel's ruling leaves only a Supreme Court petition as a remaining legal avenue, a route that carries steep odds given the Court accepts roughly 1-2% of submitted petitions. All charges stem from FTX's November 2022 collapse, which erased billions in customer funds.