SBF appeals 25-year prison sentence

FTX founder SBF filed an appeal on April 11th against his 25-year prison sentence. In November of last year, a Manhattan federal court jury found SBF guilty of seven counts of fraud and conspiracy, including one related to FTX's collapse in 2022. Prosecutors said the case was one of the largest financial fraud cases in US history. Earlier, federal prosecutors had recommended that SBF be sentenced to 40 to 50 years in prison. US District Judge Lewis Kaplan sentenced SBF to 25 years in prison on March 28th of this year.