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Radio France Internationale
Radio France Internationale
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RFI

FTX crypto exchange founder appeals fraud conviction, 25-year prison sentence

Sam Bankman-Fried FTX Crypto Prison Lewis Kaplan Cryptocurrency France The United States
Sam Bankman-Fried leaves the Manhattan federal courthouse in New York, 9 February 2023. © John Minchillo/AP

Former billionaire crypto trader Sam Bankman-Fried has filed an appeal against his fraud conviction and 25-year jail sentence for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded in one of the biggest financial frauds in the history of the United States, which impacted victims all over the world, including France.

Lawyers filed the appeal Thursday, two weeks after US District Court Judge Lewis Kaplan set the prison term for Bankman-Fried and ordered him to pay $11 billion in forfeiture.

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