FTX founder Sam Bankman-Fried appealed his fraud conviction and 25-year prison sentence Thursday, just weeks after a New York judge handed down his penalty. The former billionaire crypto leader, who was found guilty of using investor funds to bankroll his lavish lifestyle, will have to appeal to the 2nd U.S. Circuit Court of Appeals in Manhattan, first reported by Reuters. Bankman-Fried was sentenced to 25 years in prison by U.S. District Judge Lewis Kaplan on March 28. Kaplan suggested that there is a risk that the founder “will be in position to do something very bad in the future” and “it’s not a trivial risk at all.” Prosecutors recommended a much longer sentence of 40 to 50
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