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June 12, 2026Sam Bankman-Fried loses appeal of fraud conviction in FTX case
Sam Bankman-Fried loses appeal of fraud conviction in FTX case
(NEW YORK) — A federal appeals court on Friday upheld the cryptocurrency fraud conviction of FTX founder Sam Bankman-Fried.
The opinion came the same week Bankman-Fried submitted his application for a presidential pardon.
Bankman-Fried was convicted of masterminding one of the largest financial frauds in history stemming from the collapse of the crypto-exchange FTX. He is serving a 25-year prison sentence.
This is a developing story. Please check back for updates.
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June 12, 2026
June 12, 2026
June 12, 2026