sbf

Exactly two years after being sentenced to 25 years in prison, Sam Bankman-Fried (SBF), the former head of collapsed crypto exchange FTX, is set to return to court—this time to appeal. His high-profile case will be reviewed by the U.S. Court of Appeals for the Second Circuit during the week of November 3, 2025.

Appeal Hearing Set for Two-Year Sentencing Anniversary
A proposed scheduling order was filed on July 30, 2025, officially placing the appeal on the court calendar for the week of November 3—precisely two years after SBF was originally convicted.
Bankman-Fried was convicted on November 3, 2023, on seven felony counts, including wire fraud, securities fraud, and conspiracy to commit money laundering. U.S. District Judge Lewis Kaplan sentenced him on March 28, 2024, to 25 years in federal prison.

Appeal Targets Jury Instructions, Testimony Limits, and Key Evidence Handling
Since spring 2024, the appeals process has been unfolding at the Second Circuit, with both sides filing briefs debating whether SBF received a fair trial. Based on available filings, SBF’s legal team is reportedly challenging how the court handled critical evidence, jury instructions, and restrictions on his own testimony. Their goal is to overturn the verdict or secure a retrial.
While most of the formal appeal’s contents remain sealed or partially redacted from public records, previous motions suggest the core argument centers on procedural fairness and the adequacy of the trial process.

U.S. Government: Verdict Was Just and Backed by Strong Evidence
On December 13, 2024, the U.S. Department of Justice filed a response defending the fairness of the original trial. Prosecutors argue that SBF received a just trial and that the verdict was firmly supported by substantial evidence of criminal wrongdoing.

Crypto Industry on Edge – Outcome Could Shift Regulatory Tone
Just as during the original trial, the crypto community is watching closely. The dramatic collapse of FTX in 2022 marked a turning point in how regulators approach the industry—leading to stricter rules, broader investigations, and heightened scrutiny.
The outcome of the appeal may not only influence SBF’s future but could also signal how the U.S. legal system plans to handle crypto-related crimes moving forward.

What If the Appeal Fails?
If the Second Circuit upholds the original conviction, SBF’s remaining options will be very limited. He could request a rehearing en banc, where all Second Circuit judges reconsider the case—a rare occurrence. Beyond that, he may petition the U.S. Supreme Court by filing for a writ of certiorari.
If the court overturns any part of the sentence, the case could be sent back for a new trial or resentencing.

SBF Filed His Final Reply in January
Bankman-Fried’s legal team submitted their final reply to the court on January 31, 2025. Now, all eyes are on the appeals panel—and its decision may reshape not just one man’s fate, but the broader legal landscape for crypto in the U.S.

#SamBankman-Fried , #FTX , #SBF , #CryptoScandal , #CryptoNews

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（楠哥福利：再文章的结尾点赞或者评论，将能领到楠哥送的狗狗币）把一个亿万富翁，变成到亿万负翁需要多长时间？22年11月币圈的一场 “ 惊天大战 ” ，让楠哥知道了这个问题的答案。。。那就是很可能只需要 “ 一条推特的时间 ” 。而且这场大战，还血坑了红杉资本、软银、淡马锡、安大略省教师养老基金等等大佬一波。 很多家人们都听过这个人就是咱们的爆炸头哥-----SBF!!! 这个老哥从去年一直在监狱里不怎么说话，交代的事情很少。但爆炸头哥，准备在最新的庭审中，为自己翻盘辩护了。 FTX还能有救？？让楠哥带所有的家人们回顾下事件，讲解下FTX暴雷的最主要的原因。#sbf 注意看，图片上这个爆炸头老哥，就是这次大地震中的大冤种主角。他便是知名加密货币交易所 FTX 和对冲基金 Alameda 的创始人， Sam Bankman-Fried 。（记住这个基金的名字，也是FTX会暴雷的罪魁祸首）在圈内，大伙们习惯简称他为 SBF 。 简单地说，这老哥本身就是传统的金融交易员出身，发现BTC大涨后，就创办了加密货币交易平台 FTX 。后来， FTX 一步步拿融资，一步步占领市场，很快就做到了业内的老三、老四的位置。 FTX 当时的估值在 320 亿美元左右，大家可能不知道这是啥概念啊，这么说吧，百度的市值也就 300 亿美元出头。SBF 呢，也凭借着 150 多亿美元的身家，挤进了世界富豪榜前 500 名。 他的外号有很多，因为在 LUNA 币暴跌事件中，撒钱救了不少即将破产的公司，于是便有人称他为 “ 币圈央妈 ” 。 因为是交易员出身，也有人把他比作是 “ 下一个巴菲特 ” 。 反正他标志性的爆炸头，常常出现于各类杂志和报纸的封面。这哥们有钱后开始喜欢出名了，也为后面的事件埋下了伏笔！！这哥们还沉醉在暴富的的享受中，但做梦也没想到，在短短的几天之内，自己一手创办的 “ 币圈巨轮 ” FTX 会直接搁浅。百亿身家就像他的发型一样，也瞬间爆炸蒸发。 一切的一切呢，其实都起源于币圈媒体 CoinDesk 的一份报告。 报告发现， SBF 成立的另一个名叫 Alameda 的公司，主要业务是一些高风险、高杠杆的投资，但它户头上记录的主要资产，竟然有 88% 是自家交易所 FTX 发行的 FTT 代币。 算总量的话，市场上 70% 的 FTT 都在 Alameda 手上。 消息一出，很快，币圈老哥们开始担忧起来。 一个 “ 不一定对 ” 的猜想，蔓延了开来：（暴雷的核心！！！） Alameda 和 FTX 都是 SBF 的公司，所以， SBF 可以同通过左手倒右手，让 Alameda 低价拿到大量 FTX 发行的 FTT 。然后 Alameda 通过屯 FTT 抬高币价，又可以用高价把 FTT 当成抵押物，去找 FTX 借钱。。。 Alameda 再拿着这些借来的钱去搞高风险、高杠杆的投资。 本质上 FTX 交易所，其实只是 Alameda 的输血袋罢了。 其中， Alameda 投资一路赚赚赚，作为抵押物的 FTT 价格趋于稳定的话，这种 “ 左手倒右手 ” 模式其实是能维持下去的。但要是投资巨亏，或者抵押物 FTT 价格暴跌，那么 FTT 是有被大量抛售和清算的可能的。这时候 FTT 的价格又会被压低，又引发更大规模的清算，从而形成 “ 死亡螺旋 ” 。 刚被LUNA整怕的大家，纷纷开始不安了。这个关键的节点，这个圈子最有分量的人站出来说话，大哥赵长鹏发推说要抛售FTT了。担心死亡螺旋！！“ 连世界第一大交易所都怕了，觉得 FTX 和 Alameda 铁定有风险。 ”于是乎，恐慌开始渐渐加剧，大伙们跟着抛售 FTT ， FTT 的价格一路下跌。重点：全名挤兑，使FTT的金融模型崩塌，陷入死亡循环。FTX开始了暴雷！！抵押物 FTT 不值钱了，很快人们开始担心 Alameda 从 FTX 上借过去的钱，要还不上了。。。所以，用户又开始疯狂地从 FTX 交易所里提现走人，生怕成跑慢了成了冤大头。毕竟，谁也不会知道 FTX 有没有挪用用户的存款借给 Alameda 。最后事实证明，大伙们的猜想是对的，当时提现慢的，多半已经取不出钱了。、老哥为什么不跑呢？为什么被抓后在狱中庭审了一年，还没判？为什么还能翻盘？ 先看看老哥都割了谁，你就知道老哥为什么跑不了。红杉资本，加拿大安大略省教师退休基金，软银、贝莱德、老虎基金等等，可以说 FTX 是凭借一己之力，让数十家明星机构踩了雷。这些国际巨无霸，能让老哥跑的掉？？？乖乖的坐等安排。那为什么在牢里不说话，不提供很多信息，到现在才开始为自己辩解。 这也是老哥的策略，事件刚出时闹得沸沸扬扬，其中很多人，不光指控SBF诈骗罪。还有帮助俄乌战争与洗钱罪，资产外流，等。 这后两项定下来，老哥这辈子就出不来了。SBF老哥的策略就时拖，等事情热度过去。 最近比特币ETF要获批成功，使的支持SBF的人变多。SBF老哥准备开始翻盘辩解，让所有的家人们跟随楠哥一起关注，SBF爆炸头到底能否成功？ 红包领取密码:ethup666

Bitcoin experienced a significant drop over the past 24 hours, falling by 7.45% to trade at $88.83, its lowest level since mid-November 2024, according to CoinMarketCap. Bitcoin CEO and Bitcoin supporter Samson Mow, head of crypto firm JAN3, took to X (formerly Twitter) to comment on the crash. In his tweet, Mow described Bitcoin as “oversold” and urged the market to “run it back.” Despite a brief pause in losses, Bitcoin continued to slide, shedding 3.54% just today.
Drivers Behind the Crash
Market experts attribute the decline largely to impending import tariffs imposed by President Trump on Canada and Mexico, set to take effect on March 4. Additionally, the crash has been exacerbated by massive liquidations across the crypto market and significant outflows from Bitcoin spot ETFs.
Institutional Optimism Amid Volatility
In contrast to Mow’s bearish outlook, prominent Bitcoin evangelist Michael Saylor offered a bullish perspective. Saylor stated that “Bitcoin is on sale,” encouraging investors to capitalize on the dip. In line with this sentiment, Saylor’s company, Strategy, announced a massive Bitcoin acquisition of $1.99 billion—enough to purchase over 20,000 BTC. This acquisition is part of a recent convertible senior notes offering, bringing Strategy’s total holdings to 449,096 BTC, valued at approximately $33.1 billion. Saylor has expressed ambitions for the firm to surpass 500,000 BTC in the near future, highlighting a strong institutional vote of confidence in the long-term potential of Bitcoin.

#bitcoin #crypto #SBF #marketnews
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