The Block Crypto News19 minutes ago

Published on April 11, 2024 18:39 GMT+00:00edited on April 11, 2024 18:44 GMT+00:00

Former FTX CEO Sam Bankman-Fried filed an appeal on Thursday after being found guilty on seven criminal counts involving fraud. 

The former executive filed his notice of appeal to Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York. The appeal concerned both his conviction and sentence, according to court documents. Bankman-Fried's move to appeal was viewed by many legal experts as likely to happen.

Bankman-Fried was sentenced to nearly 25 years in prison on March 28 and ordered to pay back up to $11 billion in investor and lender losses. At the sentencing, Kaplan asserted that Bankman-Fried had committed perjury during his trial and said he knew what he was doing was wrong. 

Bankman-Fried told the court during his sentencing that he had made …