According to BeInCrypto, the U.S. Court of Appeals for the Second Circuit formally issued the enforcement order in the SBF case on August 4, marking the official conclusion of Sam Bankman-Fried’s second-round appeal. The one-page order affirmed the original judgment without adding any new reasoning, upholding his 25-year prison sentence and approximately $11 billion forfeiture order. Previously, on June 12, the appellate panel had denied all seven of SBF’s appeal grounds; Judge Parker, in her opinion, noted that while publicly assuring clients, investors, and regulators of FTX’s financial security, SBF diverted customer funds to real estate, political donations, and personal investments. SBF’s only remaining legal avenue is to petition the U.S. Supreme Court for a writ of certiorari within 90 days, though the Court accepts such petitions at an extremely low rate. Additionally, SBF has separately submitted a pardon application to the Department of Justice; however, Senators Cynthia Lummis and Ruben Gallego have jointly introduced a resolution opposing any pardon.
SBF’s 25-Year Sentence Upheld by Appeals Court; Supreme Court Remains the Final Option
TechFlowShare
Summary
On August 4, 2026, the Second Circuit Court of Appeals upheld Sam Bankman-Fried’s 25-year sentence, denying all seven grounds of appeal. The ruling affirms the $11 billion in asset forfeitures and concludes his second appeal. The court found that SBF misused customer funds for real estate purchases, political contributions, and personal ventures, breaching fiduciary duty and CFTC regulations. SBF may file a petition with the Supreme Court within 90 days, though success is unlikely. He has also sought clemency, a move facing strong opposition from key senators. The case has heightened regulatory scrutiny and affected risk-on assets in the cryptocurrency sector.
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