ME News reports that on August 4 (UTC+8), the U.S. Court of Appeals for the Second Circuit issued an order granting final authorization in the SBF case; this document serves as the formal closing文书 of the appeal process, confirming that the appellate review has concluded and the case has been remanded to the district court for enforcement of the judgment. The order upholds the original ruling, including the 25-year prison sentence and approximately $11 billion forfeiture order, without introducing new arguments. Bankman-Fried’s only remaining judicial option is to file a petition for a writ of certiorari with the U.S. Supreme Court, requesting a review, which must be submitted within 90 days of the judgment. He has also submitted a pardon application to the U.S. Department of Justice, but Senators Cynthia Lummis and Ruben Gallego have introduced resolutions opposing any pardon. (Source: ODAILY)
SBF Appeal Concluded; 25-Year Sentence and $11 Billion Forfeiture Upheld
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Summary
On August 4 (UTC+8), the U.S. Second Circuit Court of Appeals dismissed SBF’s appeal, upholding his 25-year sentence and $11 billion asset forfeiture. The ruling contained no new arguments. Bankman-Fried must now file a petition for a writ of certiorari with the U.S. Supreme Court within 90 days. He has also requested clemency, but a bipartisan effort led by Senators Lummis and Gallego opposes it. The decision impacts liquidity and crypto markets, as regulatory scrutiny under CFTC laws continues to intensify.
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