SBF appeal - argument before US Court of Appeals on reversal of criminal conviction - 11/4/2025

This is the official court audio, posted by the court this afternoon. The appellate argument therein is the appeal of Sam Bankman-Fried’s criminal conviction proceeded this morning, before the U.S. Court of Appeals for the Second Circuit. The argument was scheduled for 20 minutes or so and went beyond an hour. The bench was a hot bench, with the judges on the panel prepared to ask a lot of questions.

Maybe the case will be resolved consensually?

The appellant’s side, SBF’s counsel, argued to the appellate judges that more evidence of advice of counsel would have changed the jury’s decision to convict. The judges were skeptical.

But the appellee, the government, had a hard time justifying the forfeiture order against Sam Bankman-Fried, which was part of his punishment.

There is a disconnect between the presentation of mass ...