One of Crypttos’s greatest legal dramas will be resumed, while Sam Bankman-Gorduurt is preparing to challenge his 25-year sentence with a potentially new trial on the horizon.
Summary
- SBF is preparing to appeal against his sentence.
- Rumors claim that the argument of SBF will be based on his process that is unfair because customer funds have not been completely lost.
- About $ 1.9 billion in payouts is expected in September by $ 8 billion that has already returned to customers.
Sam Bankman-Gefruurde, former CEO of the bankrupt FTX fair, will make a return to court in November and increase speculation about what his legal arguments could be.
SBF -Occupation date set as arguments take shape
A recent planning message from the US Court of Appeals for the second circuit confirmed that oral arguments in Sam Bankman-Rijduurduurd appeal will be heard on November 4, 2025. This is the most important legal development since his conviction of March 2024, where the former FTX CEO was handed over 25 years in prison for seven crime counts bound to the $ 8 billion collapse of the crypto exchange.
The upcoming hearing is closely monitored by both the legal and the crypto communities that are still skeptical about what his argument could be. His legal team initially argued that the original process was fundamentally inadequate and claimed that SBF “was never assumed innocently” and that prosecutors pushed a false story from permanently lost customer funds.
In the meantime, a recently stuck post on X has been hinted by the Chatter Mogul on another possible fight. The post describes its claim that the Chapter 11 process of FTX was manipulated by external legal adviser and that valuable recovery efforts were sidelined.
SBF claimed that Sullivan & Cromwell and John Ray III names ftx against his will, which prioritize legal costs above the results of the customer. If this is used in court, this argument can try to shift the focus from criminal intention to procedural injustice, a movement that matches his long -term attitude that he was tried unfairly.
Although the details of the profession are unknown, the hearing can make a new process or point of view possible on November 4. Nevertheless, it will be difficult to reverse such a high-profile conviction, especially with the harmful testimony of former FTX managers, such as Caroline Ellison and Gary Wang.
Rumors about pardon and current payouts keep FTX Saga alive
In addition to the profession, SBF is also suspected of exploring other possible paths to freedom. In March, the former CEO sat down for an interview with Tucker Carlson, where he hinted at a political shift to Republican ideas, causing speculation that he is looking for a grace of Donald Trump.
Although SBF has not explicitly asked Clementia, the timing raised eyebrows, especially since Trump rather granted a grace to Silk Road founder Ross Ulbricht, another controversial figure in the crypto space. The possibility of a pardon remains speculative, but keeps Bankman fried in the public as legal and political stories.
On the other hand, some FTX customers are still waiting for a fee. So far, more than $ 6.5 billion has already been sent back to creditors, with an extra $ 1.9 billion in payouts expected in September. Nevertheless, around $ 1.4 billion in claims are still being treated by KYC, Jurisdiction and Sanctions.
As the hearing approaches, the future of SBF is back in the spotlight. Whether the court grants a new trial or enforcing the conviction, the outcome will resonate far beyond the courtroom, which forms future developments in the crypto space.
