Bankman-Fried to Appeal 25-Year Sentence, Conviction for Fraud

FTX co-founder Sam Bankman-Fried will appeal his conviction and 25-year prison sentence for committing a multibillion dollar fraud at his once-thriving cryptocurrency exchange.

The 32-year-old filed a notice of appeal in federal court in Manhattan Thursday, formally starting the process to have his conviction and punishment overturned. The filing comes two weeks after Judge Lewis A. Kaplan sentenced Bankman-Fried to more than two decades in prison, finding the former chief executive officer was not truly remorseful for the “very serious crime.” A jury had convicted the MIT graduate of fraud following a high-profile trial in late 2023.

It is unclear ...