Sam Bankman-Fried appeals fraud conviction, 25-year jail term

Sam Bankman-Fried appeals fraud conviction, 25-year jail term

The Star Online - Tech·2024-04-12 19:08

NEW YORK: Fallen cryptocurrency wunderkind Sam Bankman-Fried has appealed his federal conviction and 25-year jail sentence in a sweeping fraud case, according to a legal filing made public April 11.

News of the appeal comes two weeks after US District Court Judge Lewis Kaplan set the prison term and ordered Bankman-Fried, known as “SBF”, to pay US$11bil (RM52.44bil) in forfeiture.

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