SBF's 'Lottery Ticket' Appeal: Why 'Making Customers Whole' Doesn't Erase the Crime

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4.8 • 689 Ratings

🗓️ 3 November 2025

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Previewing Sam Bankman Fried's appeal hearing with Former SEC Senior Trial Counsel, Howard Fischer. Former SEC Senior Trial Counsel Howard Fischer joins CoinDesk's Jennifer Sanasie and Nik De to break down the high stakes of Sam Bankman-Fried's appeal, ahead of Tuesday's hearing. Plus, they analyze the defense's strategy, the appellate judges' likely focus, and why overturning a trial judge's decisions is exceedingly difficult. - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠https://midnight.network/break-free⁠⁠⁠ - OwlTing (Nasdaq: OWLS) is building invisible rails for global payments. With OwlPay, businesses and users can bridge fiat and stablecoins, send money instantly across borders, and access stablecoin checkout at lower costs. Licensed worldwide, OwlTing delivers secure, compliant, and regulated infrastructure for the digital economy. Learn more at ⁠⁠⁠https://www.owlting.com/portal/?lang=en&utm_source=CoinDesk&utm_medium=cpc&utm_campaign=CoinDesk_Banner⁠⁠⁠. - Genius Group has partnered with CoinDesk for Bitcoin Treasury Month, launching the Genius x CoinDesk Quest. Participants can join the Bitcoin Academy, complete free microcourses from experts like Natalie Brunell and Saifedean Ammous, and enter to win 1,000,000 GEMs (worth 1 BTC) promoting bitcoin education and adoption.Learn more at: geniusgroup.ai/coindesk-bitcoin-treasury-month/ - This episode was hosted by Jennifer Sanasie and Nik De.

Transcript

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0:00.0	If you lie to investors, if you lie to your creditors, if you lie to banks, if you lie to customers, that's considered criminal, especially when billions of dollars are at stake.
0:10.6	So I don't see him as being important enough in the crypto ecosystem to merit a pardon.
0:31.6	Break the cycle of exploitation, break down the barriers to truth, break into the next generation of privacy, break free. Free to scroll without being monetized, free from censorship, freedom without fear.
0:35.6	We deserve more when it comes to privacy.
0:38.4	Experience the next generation of blockchain that is private and inclusive by design.
0:42.9	Break free with midnight, visit midnight.net.net.net. Network forward slash break dash free.
0:47.0	Looking for a faster, cheaper way to move money worldwide,
0:49.7	Owl Ting now listed on the NASDAQ under the ticker symbol Owls is building the rails for
0:53.8	stable coin payments.
0:55.0	Convert fiat to stable coins and send money as easily as a text message. Learn more at Owlting.com.
1:01.0	Coin desk Bitcoin Treasury Month is brought to you by Genius Group. A Bitcoin treasury company listed on the New York Stock Exchange under the ticker GNS.
1:08.3	Genius is building toward a 10,000 Bitcoin Treasury and just launched
1:12.1	Genius Academy featuring courses from Safeedina Moose and more. Start learning for free today
1:17.5	at Geniusacademy.aI Genius Group. Genius isn't measured in IQ. It's measured in Bitcoin.
1:23.8	Hey everyone, you're watching Coin Desk. I'm Jensen Assey here with my co-host, Nick Day.
1:28.5	Well, tomorrow, the appeal hearing for Sam Bankman-Fried is scheduled to take place.
1:33.1	His lawyers are going to be appealing his 2023 conviction and 25-year sentence,
1:37.6	arguing that there were procedural errors during the trial.
1:40.5	Joining us now is former SEC Senior Trial Council and partner at Moses Singer. Howard Fisher,
1:45.7	hello to you both. Hi there. All right, Nick, let's start with you. You've been reporting on this
1:50.8	and you've been reporting on Sam Bankman-Fried for a very, very long time. Talk to us about what's
1:55.6	happening here. So the hearing is Tuesday, November 4th, kicking off at 10 a.m. Two years, two days after he was convicted on seven different counts of conspiracy and fraud charges tied to the operation and subsequent collapse of FTCX. You know, we all know the story. It happened. Billions of dollars were lost. FtX is still going through the bankruptcy proceedings. Bankman-Fried has argued in his filings that he was
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