Appeals court judges question Sam Bankman-Fried’s claims over FTX solvency

During an appeal hearing before the U.S. Court of Appeals for the Second Circuit, judges questioned the claims made by former FTX CEO Sam Bankman-Fried's lawyer, Alexandra Shapiro, particularly her assertion that customers would have been repaid given enough time. Former federal prosecutor Samson Enzer noted the panel's deep skepticism, with one judge remarking that the defense seemed to focus more on criticizing Judge Kaplan than on the merits of the case. Bankman-Fried is appealing his conviction on seven counts of fraud, for which he was sentenced to 25 years in prison, arguing he should have been allowed to introduce evidence related to his 'presence of counsel' defense. Prosecutors maintained that $8 billion of customer funds went to Alameda Research for investments and political donations.

(Source：The Block)