Founder of FTX, SBF, refuses to move to supervision after 25-year sentence, legal team has applied for appeal.

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SBF Refuses to be Moved to Prison

According to a legal document dated April 8th, former FTX CEO Sam Bankman-Fried (SBF) was found guilty of seven counts of fraud and sentenced to 25 years in prison. Subsequently, through his legal representative, he requested Judge Lewis Kaplan to approve an order allowing him to stay at the Brooklyn Metropolitan Detention Center instead of being transferred to a prison near his hometown in California.

Judge Kaplan had previously considered SBF's autism as a potential risk in prison, which led to the initial order for him to be sent to a medium-security prison near his parents in Northern California.

SBF has been at the Brooklyn Metropolitan Detention Center since August 2023. According to his legal team, SBF wishes to remain in Brooklyn for easier access to his appellate attorneys, as he has since filed an appeal.

Prior to his 25-year sentence, SBF's final words in court: Apology to FTX colleagues

SBF Team Files Appeal Again

According to another legal document dated April 11th source, SBF's legal representatives have submitted a notice of appeal to Judge Kaplan, where the appeal will focus on both his conviction and sentencing for review.

Bankman-Fried was sentenced to nearly 25 years in prison on March 28th and was ordered to repay up to $11 billion in investor-related losses.

At that time, Judge Kaplan stated that SBF showed no remorse for his crimes, and his altruistic image was merely a "performance." He believed that a sentence higher than the 6.5 years recommended by SBF's legal team was necessary to ensure that SBF would not engage in similar criminal activities in the future.

Latest Update: FTX Founder SBF Sentenced to 25 Years in Prison