PANews reported on November 5th that, according to Reuters, the U.S. Second Circuit Court of Appeals challenged SBF's appeal on Tuesday. His lawyers argued that the previous trial in the FTX fraud case was unfair, leading to SBF's 25-year prison sentence, and that this should be overturned. During the appeal hearing, the three-judge panel questioned a key issue: would evidence excluded in the previous trial have affected the jury's guilty verdict? Circuit Judge Maria Araujo Kahn questioned SBF's lawyers, asking whether not questioning the sufficiency of the evidence equated to admitting it was sufficient for a conviction. The lawyers responded that even with sufficient evidence, procedural errors by the trial judges still affected impartiality. Prosecutor Nathan Rehn pointed out that the existing evidence was sufficient to prove SBF stole client funds. SBF argued that the previous trial failed to allow evidence proving FTX's solvency at the time, leading to a biased verdict. The prosecution emphasized that the chain of evidence, including the testimonies of three witnesses and a large number of internal documents, was complete and sufficient for a conviction. SBF is currently serving his sentence in a low-security prison in Los Angeles and is expected to be released in October 2044.PANews reported on November 5th that, according to Reuters, the U.S. Second Circuit Court of Appeals challenged SBF's appeal on Tuesday. His lawyers argued that the previous trial in the FTX fraud case was unfair, leading to SBF's 25-year prison sentence, and that this should be overturned. During the appeal hearing, the three-judge panel questioned a key issue: would evidence excluded in the previous trial have affected the jury's guilty verdict? Circuit Judge Maria Araujo Kahn questioned SBF's lawyers, asking whether not questioning the sufficiency of the evidence equated to admitting it was sufficient for a conviction. The lawyers responded that even with sufficient evidence, procedural errors by the trial judges still affected impartiality. Prosecutor Nathan Rehn pointed out that the existing evidence was sufficient to prove SBF stole client funds. SBF argued that the previous trial failed to allow evidence proving FTX's solvency at the time, leading to a biased verdict. The prosecution emphasized that the chain of evidence, including the testimonies of three witnesses and a large number of internal documents, was complete and sufficient for a conviction. SBF is currently serving his sentence in a low-security prison in Los Angeles and is expected to be released in October 2044.

The U.S. Court of Appeals was skeptical of SBF's request to overturn the cryptocurrency fraud charges.

2025/11/05 18:08

PANews reported on November 5th that, according to Reuters, the U.S. Second Circuit Court of Appeals challenged SBF's appeal on Tuesday. His lawyers argued that the previous trial in the FTX fraud case was unfair, leading to SBF's 25-year prison sentence, and that this should be overturned. During the appeal hearing, the three-judge panel questioned a key issue: would evidence excluded in the previous trial have affected the jury's guilty verdict? Circuit Judge Maria Araujo Kahn questioned SBF's lawyers, asking whether not questioning the sufficiency of the evidence equated to admitting it was sufficient for a conviction. The lawyers responded that even with sufficient evidence, procedural errors by the trial judges still affected impartiality. Prosecutor Nathan Rehn pointed out that the existing evidence was sufficient to prove SBF stole client funds. SBF argued that the previous trial failed to allow evidence proving FTX's solvency at the time, leading to a biased verdict. The prosecution emphasized that the chain of evidence, including the testimonies of three witnesses and a large number of internal documents, was complete and sufficient for a conviction. SBF is currently serving his sentence in a low-security prison in Los Angeles and is expected to be released in October 2044.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Fed Rate Cuts May Push Crypto Prices Up As ‘Digital Gold’ Replaces TradFi

Fed Rate Cuts May Push Crypto Prices Up As ‘Digital Gold’ Replaces TradFi

The post Fed Rate Cuts May Push Crypto Prices Up As ‘Digital Gold’ Replaces TradFi appeared on BitcoinEthereumNews.com. FX168 Financial News (North America) reports that cryptocurrency polymath Eric Trump has said that President Trump’s consistent advocacy of a Federal Reserve interest rate cut could push up cryptocurrency prices significantly. A rate cut would make interest-bearing safe assets less attractive. It would prompt investors to turn to speculative assets such as stocks and Bitcoin (BTC-USD).  Historically, cryptocurrencies typically rise during easing cycles, albeit not in a straight line. A rate cut could trigger a short-term rally. It could also signal economic weakness, which could drag down the performance of risky assets. In Eric Trump’s view, the digital asset industry is here to stay for the long haul. From there, the existence of proven cloud mining platforms has high benefits. What is Cloud Mining? XiuShan Mining cloud mining is a way to allow users to mine cryptocurrencies by renting computing power (arithmetic). A third party provides that computing power. Besides, users don’t need to purchase expensive mining equipment or perform technical maintenance themselves.  Users simply purchase a certain number of arithmetic contracts from the specialized XiuShan Mining cloud mining platform. That’s responsible for purchasing, deploying, operating, and maintaining the equipment, including power supply and technical management. Users can receive cryptocurrency revenue generated by mining on a pro rata basis according to the arithmetic power and lease term.  How Does Cloud Mining Work? Rented Arithmetic: Users select and purchase arithmetic contracts on the XiuShan Mining platform, which are typically measured in terms of hash rates (e.g., giga-hashes per second) that determine the amount of mining power. Mining Operations: XiuShan Mining uses its large mining facilities in remote data centers to validate blockchain transactions using the arithmetic power rented by users to solve complex mathematical problems. Distribution of Revenues: Cryptocurrency revenues generated by mining are distributed to users on a regular basis…
Share
BitcoinEthereumNews2025/09/19 20:37