Appeals court dubious of FTX founder Bankman-Fried’s conviction challenge

Published

4 weeks ago

November 4, 2025

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Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023.

Eduardo Munoz | Reuters

The judges in a federal appeals court in New York on Tuesday were skeptical of arguments by a lawyer for Sam Bankman-Fried that his conviction for a multi-billion-dollar fraud related to his cryptocurrency exchange FTX and an associated hedge fund should be tossed out.

Bankman-Fried’s attorney, Alexandra Shapiro, was almost immediately and then repeatedly interrupted by the three-judge panel on the 2nd Circuit U.S. Court of Appeals as she tried to make her case that SBF deserved a new trial because the first one was “fundamentally unfair.”

“From my reading of the record, [there was] very substantial evidence of guilt,” Judge Barringon Parker told Shapiro.

“Are you seriously suggesting to us that if your client had been able to testify about the role that attorneys played in preparing these various documents, the not-guilty verdicts would have rolled in?” Parker asked, as Bankman-Fried’s parents looked on from the courtroom gallery.

Bankman-Fried, 33, was convicted in November 2023 of seven criminal counts for fraud against customers of FTX and lenders to the hedge fund Alameda Research. He is serving a 25-year prison sentence.

Defense lawyer Alexandra Shapiro makes oral arguments before United States Circuit Judges for the U.S. Court of Appeals for the Second Circuit Barington D. Parker Jr., Eunice C. Lee and Maria Araujo Kahn during former cryptocurrency executive Sam Bankman-Fried’s appeal of his fraud conviction in New York City, U.S., November 4, 2025 in a courtroom sketch.

Jane Rosenberg | Reuters

Shapiro argued that rulings by the trial judge, Lewis Kaplan of U.S. District Court in Manhattan, which included limiting what SBF could testify about, unfairly favored prosecutors.

That “allowed the prosecution to present this morally compelling tale, but prevented the defense from showing that the story wasn’t true,” she said.

“The defense was cut off at the knees by the judge’s rulings,” Shapiro told the panel.

Cramer says this retail stock is ‘one of the greatest performers of all time’

Published

2 hours ago

December 4, 2025

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Cramer says this retail stock is ‘one of the greatest performers of all time’

Technology

Google taps AI vibe-coder Replit in challenge to Anthropic and Cursor

Published

2 hours ago

December 4, 2025

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Google taps AI vibe-coder Replit in challenge to Anthropic and Cursor

People walk next to the Google Cloud logo, during the 2025 Mobile World Congress (MWC) in Barcelona, Spain, March 4, 2025.

Albert Gea | Reuters

Google Cloud announced Thursday a multi-year partnership with artificial intelligence coding startup Replit, giving the search giant fresh firepower against the coding products of rivals, including Anthropic and Cursor.

Under the partnership, Replit will expand usage of Google Cloud services, add more of Google’s models onto its platform, and support AI coding use cases for enterprise customers.

Google will continue to be Replit’s primary cloud provider.

Replit, founded nearly a decade ago, is a leader in the fast-growing AI vibe-coding space.

In September, the startup closed a $250 million funding round that almost tripled its valuation to $3 billion, and said it grew annualized revenue from $2.8 million to $150 million in less than a year.

And new data from Ramp, a fintech company that also tracks enterprise spending on its platform, found that Replit had the fastest new customer growth among software vendors. Google, meanwhile, is adding new customers and spending faster than any other company on Ramp’s platform.

Put those together, and you get a clearer picture of why both companies see opportunity.