Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Technology › Sam Bankman-Fried loses fraud conviction appeal
Technology

Sam Bankman-Fried loses fraud conviction appeal

Sam Bankman-Fried loses fraud conviction appeal
Financial Times Friday 12 June 2026, 16:10 UTC 1 min read
Key Points

Three-judge panel upholds 25-year prison sentence for founder of collapsed crypto exchange FTX

Three-judge panel upholds 25-year prison sentence for founder of collapsed crypto exchange FTX
Sam Bankman-Fried (PERSON)
Originally published by Financial Times Read original →

Related Stories

Ukraine's one-time test used fully autonomous drones to kill Russian soldiers

Fully autonomous drones killed Russian soldiers during a battlefield test two years ago, according to a Ukrainian drone manufacturer. If true, the incident would represent another milestone in a war that has spurred unprecedented developments in military drones, robots, and AI-guided weaponry. The one-time test was revealed by Alexander Kokhanovskyy, CEO of the Ukrainian drone maker Aero Center, during an interview with New Scientist at a press event hosted by the Ukrainian embassy in London.

Ars Technica 23m ago

Donald Trump’s White House UFC Event Would Be Embarrassing Anywhere

With his history of involvement in pro wrestling and boxing and his zeal for garish excess—the man is a failed casino impresario, after all—it makes perfect sense that Donald Trump would want to celebrate both America’s birthday and his own with UFC cage fights on the White House lawn, sponsored by Monster Energy. If there’s been any surprise, it’s been in how the whole affair has so far failed to clear the lowest bar. The event’s promoters are certainly setting expectations high.

Wired 23m ago

Bitcoin's latest plunge revives the debate over owning it—and whether it's just 'crypto being crypto'

Bitcoin has lost nearly half its value since reaching a record high above $123,000 in July 2025. After years of bitcoin rewarding those who held through periods of volatility, the selloff is just the latest test of investors' mettle. But bitcoin's recent decline doesn't appear to reflect a fundamental change in the investment, says Daniel Sotiroff, associate director of ETF and Passive Strategies Research at Morningstar.

CNBC 24m ago

Pope returns to Rome on plane offered by Spanish king after technical glitch, Vatican says

It was the first time in decades that a papal flight had experienced a problem so serious that it required the pope to change planes. Pope Leo XIV left the Canary Islands for Rome on Friday in a Falcon plane offered by Spanish King Felipe VI after his original aircraft suffered a technical glitch, according to reporters at the scene. The flight took off just after 6:00 pm and is expected to arrive in Rome at around 11:00 pm.

Euronews 27m ago