Bitcoinist·
A Second Circuit panel rejected Sam Bankman-Fried’s appeal, according to the source pack.
Read full articleETH's supply-in-loss has hit levels not seen since the FTX crash bottom.
Bitcoin may still face a deep capitulation event despite an improving sentiment across the broader market.
According to reports, the U.S. government has sent an additional $350,000 in cryptocurrency. This had been initially stolen from Alameda Research and other FTX-related accounts on the Binance platform, close to three years after the collapse of the cryptocurrency kingdom. This money will definitely help in paying off creditors due
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A three-judge panel of the U.S. Court of Appeals for the Second Circuit has unanimously upheld Sam Bankman-Fried’s fraud conviction and 25-year prison sentence. The ruling rejected claims that his trial was unfair or that evidentiary rulings prevented a proper defense, reports Reuters. The court described the government’s evidence as robust and noted Bankman-Fried as […] The post Appeals Court Upholds Sam Bankman-Fried’s 25-Year Fraud Sentence in FTX Case: Report appeared first on The Daily Hodl.
The ruling underscores the judiciary's commitment to equating crypto fraud with traditional financial crimes, setting a stern precedent. The post Sam Bankman-Fried loses appeal against crypto fraud conviction appeared first on Crypto Briefing.