SBF appeals against his 25-year prison sentence
2024-04-11 21:04:28
SBF, the founder of cryptocurrency trading platform FTX, filed an appeal against his 25-year prison sentence on April 11 local time. Last November, a jury in Manhattan federal court found SBF guilty of seven counts of fraud and conspiracy stemming from FTX's collapse in 2022. Prosecutors said the case was one of the largest financial frauds in U.S. history. Previously, federal prosecutors had recommended that SBF should be sentenced to 40 to 50 years in prison. U.S. District Judge Lewis Kaplan handed down a 25-year prison sentence for SBF on March 28 this year.
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