FTX founder Sam Bankman-Fried appeals fraud conviction, 25-year prison sentence

(CNBC) A lawyer for FTX founder Sam Bankman-Fried on Thursday filed a notice of appeal of his federal fraud and conspiracy conviction and his 25-year prison sentence. Bankman-Fried’s appeal came two weeks after he was sentenced in U.S. District Court in Manhattan and ordered to pay $11 billion in forfeiture for the massive fraud at the cryptocurrency exchange FTX and a related hedge fund, Alameda Research.

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