📢📢Big news in the blockchain industry! Former FTX CEO Sam Bankman-Fried (SBF for short) appealed to the U.S. District Court for the Southern District of New York on Thursday after being found guilty of seven criminal charges. 👨‍⚖️

According to court documents, SBF's appeal involves his conviction and sentence. He was sentenced to nearly 25 years in prison on March 28 and was ordered to repay up to $11 billion in investor and creditor losses. 😱

In sentencing, the judge asserted that SBF perjured himself at trial and said he knew his actions were wrong. 👀

SBF told the court during his sentencing that he made a "selfish decision" that caused customers' funds to be lost in a "liquidity crisis" caused by FTX employees' mismanagement of user accounts and the company's broader operations. 😔

This incident undoubtedly has a profound impact on the entire blockchain industry. We will continue to pay attention to the follow-up developments of this matter. 🔍🔍