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U.S. Appeals Court Upholds Conviction of Former FTX CEO Sam Bankman-Fried

2026/06/14 08:01 (Updated 2026/06/14 13:01)
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Written by A.Yamada
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U.S. Appeals Court Upholds Conviction of Former FTX CEO Sam Bankman-Fried

Affirmation of the Trial Court's Decision

The U.S. Second Circuit Court of Appeals on December 12 upheld the guilty verdict of Sam Bankman-Fried, former CEO of the collapsed cryptocurrency exchange FTX. In March 2024, Mr. Bankman-Fried was sentenced to 25 years in prison by a district court on seven charges related to fraud, conspiracy, and money laundering. However, in September 2024, he appealed the decision. His defense argued that FTX ultimately had sufficient assets to avoid losses to investors...

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MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.