
Sam Bankman-Fried's lawyers have filed an appeal with the 2nd U.S. Circuit Court of Appeals, seeking to reverse his conviction and assign a new judge for retrial. They argue that the initial trial was rushed and influenced by a presumption of guilt, as new perspectives on FTX's financial situation have emerged since its 2022 collapse.

Alexander Mashinsky, the former CEO of Celsius Network, has been sentenced to 12 years in prison for defrauding customers by misrepresenting the safety of their funds, resulting in significant losses. The case highlights the importance of transparency in the cryptocurrency space.