Sam Bankman-Fried

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.

FTX, the bankrupt crypto exchange, is set to begin another round of creditor repayments on September 30, 2025, after repaying nearly $6.2 billion. Former CEO Sam Bankman-Fried has been sentenced to 25 years in prison for fraud and conspiracy. The upcoming payments will be distributed via BitGo, Kraken, and Payoneer, with the disputed claim reserve reduced to $4.3 billion.