Sam Bankman-Fried's Conviction Overturned by Appeals Court

The U.S. Court of Appeals for the Second Circuit has overturned the conviction of Sam Bankman-Fried, founder of FTX. According to NS3.AI, the appeals court determined that the trial judge had improperly excluded evidence that was vital to Bankman-Fried's defense. Bankman-Fried expressed approval of the decision, emphasizing that the evidence demonstrated FTX's business practices were consistent with industry standards and had received legal approvals.