Bankman-Fried Appeals Fraud Convictions and 25-Year Sentence for FTX Collapse

• Sam Bankman-Fried appealed his fraud convictions and 25-year prison sentence related to the collapse of his cryptocurrency exchange FTX

• FTX collapsed in late 2022, revealing it had used customer funds for risky investments and leaving a $8 billion shortfall

• Prosecutors said Bankman-Fried stole customers' money to fund his lavish lifestyle and political donations

• Bankman-Fried was found guilty on 7 counts of fraud and conspiracy to launder money in November

• The appeal process could take years; Bankman-Fried has maintained his innocence, while his inner circle testified against him