SBF Dey Appeal Conviction, Talk Say Trial No Fair, Dey Seek Pardon
For November 5, 2025, Sam Bankman-Fried lawyer dem drop SBF appeal for Second U.S. Circuit Court for Appeals for New York, dem wan challenge di fraud case wey condemn am for 2023 plus di 25-year jail sentence. Dem lawyer talk say Judge Lewis Kaplan dey biased as e push jury dem make dem rush finish di case, laugh mock SBF testimony and block important defense evidence—especially proof say FTX get enough money to cover customer loss. Dem talk say prosecutors, media, plus new pipo wey dey run FTX assume say SBF guilty before trial even happen, so dem no gree make am get fair hearing. Di appeal, wey SBF team support, wan make di case cancel or get new trial from another Judge. Meanwhile, SBF dey try get presidential pardon after former President Trump pardon Binance co-founder Zhao “CZ” Changpeng. Im team talk say FTX get liquidity wahala, no be bankruptcy and im no plan to scam anybody. This SBF appeal show say crypto sector still get law risk and e fit affect market view about FTX asset.
Bearish
Di SBF appeal dey show say law matter no clear for FTX assets, e fit make people dey feel say price go still drop for short and long time. For short time, traders fit vex because court fight wan last long and delay for make recovery of assets, e go put pressure for FTX tokens like FTT. For long term, the way regulators dey watch and people wey doubt court decision fit make big investors to fear and demand go reduce. Even though to try get presidential pardon get small hope, di overall effect no too good till law clear. History show say when law matter no finish, price fit no move or e fit gree go down.