US appeals court overturns SBF's conviction

The U.S. Court of Appeals for the Second Circuit has overturned the conviction of FTX founder Sam Bankman-Fried. In a post on X, Bankman-Fried said the appeals court acknowledged that the trial judge, Lewis Kaplan, had improperly excluded several pieces of evidence. Bankman-Fried claimed Judge Kaplan repeatedly blocked his testimony and excluded all evidence at the government's request. He added that the court had refused to admit evidence showing that FTX's business practices were in line with industry standards, did not threaten the company's solvency, and that its structures and contracts had been drafted and approved by lawyers. Bankman-Fried stated that he welcomed the appeals court's decision to correct these issues.