The former CEO of FTX, Sam Bankman-Fried (SBF), currently serving a 25-year prison sentence after his conviction for seven charges for serious crimes, has presented an appeal to an American court that seeks to reduce his mandate in jail.
According to a recent programming notice of the United States Court of Appeals for the second circuit, the oral arguments for the appeal of Sam Bankman-Fried are scheduled for November 4, 2025.
This is one of the most notable legal developments since its judgment of March 2024, when the former FTX executive director was relocated to a New York city detention center to one in California for crimes related to the collapse of cryptocurrency exchange of $ 8 billion.
The SBF Appeal Hearing is scheduled for November 4; The former FTX CEO was sentenced to 25 years in prison almost two years ago.
pic.twitter.com/fbxrl0CVQC – Crypto Crib (@crypto_scrib_) September 12, 2025
Fritish appeal audience to Sam Bankman scheduled for November 4 in his battle for freedom
The second circuit hearing had been anticipated since Bankman-Fried’s lawyers filed an appeal notice in April 2024, challenging their 2023 sentence and their 25-year prison mandate.
In their appeal presentation in September 2024, the legal representatives of Bankman-Fried argued that the former CEO “never presumed innocent”, while stating that prosecutors built a “misleading narrative” that portrayed FTX users’ funds as permanently lost.
Meanwhile, a recent publication set in X by Mogul Crypto Fallen suggests another possible argument strategy.
The publication describes his statement that the bankruptcy procedures of Chapter 11 of FTX were manipulated by an external legal advisor, with valuable efforts to recover marginalized assets.
SBF said Sullivan and Cromwell and John Ray III took advantage of FTX control without their consent, placing legal fees above the interests of customers.
If he appears in the Court, this argument could try to redirect the attention of the criminal intention towards the procedural misconduct, according to his persistent position that he received an unfair judgment.
The Bankman-Fried case had some of the most serious criminal accusations against a leading cryptocurrency executive to date.
If the Court of Appeal annuls the decision of the lower court, it could result in a new trial or a resentment procedure for SBF.
However, reverse a conviction of such a high profile will be a challenge, particularly given the harmful testimony of former FTX executives, including Caroline Ellison and Gary Wang.
After the trial and judgment of Bankman-Fried, the United States District Court for the Southern District of New York carried out sentence procedures for four of the former SBF associates.
The former Alameda investigation CEO, Caroline Ellison (also the former Romantic SBF partner), who declared himself guilty during the Bankman-Fried trial, received a two-year prison sentence in September 2024.
Its expected launch date is March 2026.
The FTX co -founder, Gary Wang, and former FTX engineering director Nishad Singh, who also testified by the Prosecutor’s Office, were sentenced in time already fulfilled.
SBF’s republican pivot causes Trump’s forgiveness speculation, while FTX customers still expect full justice
Beyond its appeal, SBF seems to be examining alternative routes to freedom.
In March, the former executive participated in an interview with Tucker Carlson, during which he alluded to adopt Republican views, which caused speculations about the potential search for forgiveness of Donald Trump.
Although SBF did not directly request executive forgiveness, time attracted attention, particularly given Trump’s previous forgiveness from Silk Road’s founder, Ross Ulbricht, another content of contentious cryptocurrencies.
More recently, a legal presentation presented to the United States Banking Court for the District of Delaware on September 9 indicates that three joint capital liquidators (3AC) plan to deposit rule 45 of the federal rules of civil procedure 45.
3AC liquidators have summoned the previous ones @FTX_OFFFORIAL
Executives @Sbf_ftxEllison, and @RSALAME7926 on allegedly $ 1.5B in illegal settlements.#FTX #3achttps://t.co/M481fsisnf– Cryptonews.com (@cryptonews) September 11, 2025
The deposition is scheduled for October 14, 2025, in the Federal Correctional Institution in Island Terminal, California, where Bankman is currently imprisoned.
This action derives from the accusations of the co-founder of 3ac Zhu its, who argues that Bankman-Fried liquidated $ 1.5 billion of his holdings without adequate justification.
Zhu also alleges that Ryan Salame took advantage of internal knowledge for first category operations against customer positions, extracting more than $ 1 billion before FTX collapse.
It is also anticipated that Ellison, who administered Alameda’s investigation during the period of these alleged activities, will face issues on interconnected trade and liquidation tactics that may have contributed to the insolvency of 3AC.
Meanwhile, numerous FTX clients continue to expect reimbursement.
To date, more than $ 6.5 billion have been distributed to creditors, with an additional $ 1.9 billion in early payments this September.
However, approximately $ 1.4 billion in claims remain unsolved due to KYC compliance, jurisdictional problems and complications related to sanctions.
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