SBF Appeals 25-Year Sentence as Industry Moves On ⚖️

[chainsniff]

Former FTX CEO Sam Bankman-Fried isn’t done fighting. Now serving a 25-year prison term, SBF has appealed his conviction, claiming his trial barred evidence showing FTX was solvent in 2022.

His legal team appeared before the U.S. Court of Appeals earlier this month, but prospects look slim. Prediction market Polymarket gives only a 4% chance he’ll receive a presidential pardon in 2025.

Meanwhile, ex-Alameda CEO Caroline Ellison, who cooperated with prosecutors, began her sentence in 2024 and could be released by mid-2026.

While SBF looks for a legal lifeline, the crypto industry has largely moved on — focusing on transparency, regulation, and rebuilding trust after FTX’s collapse.

[Nahid Hossen]

SBF’s appeal might make headlines, but the market’s already moved past him.

[Rimon Khan]

Crypto’s learning phase was brutal — time to rebuild with real accountability.