Three judges of the Court of Appeals for the Second Circuit of the United States unanimously agreed that Sam Bankman-Fried is guilty and that he should be sentenced to 25 years in prison.
The ruling rejected claims that his trial was unfair or that evidentiary rulings precluded due process, reports Reuters.
The court described the government’s evidence as strong and considered Bankman-Fried as the main driver of one of the biggest frauds in the history of the collapse of the crypto exchange FTX.
The group reviewed the principles of criminal justice and found that they would not affect the 42-page proposal.
Bankman-Fried was found guilty in 2023 of charges related to misappropriation of customer funds on cryptocurrency exchanges.
The appeals decision vacates the sentence and the $11 billion in forfeitures.
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