Marketplace Tech Sam Bankman-Fried returns to court to challenge fraud verdict
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Nov 3, 2025 Jonathan Jones, an investigative reporter and producer for the podcast Reveal, dives into the complexities of the FTX collapse and Sam Bankman-Fried's ongoing appeal. He shares insights from hours of interviews with Bankman-Fried and insiders, revealing the founder's belief in his innocence and claims of insufficient time to present evidence. Jones discusses the fallout from Bankman-Fried's controversial decisions, including the choice of legal representation, and parallels to historical corporate fraud cases like Enron.
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Solvency Claim At The Heart Of Appeal
- Sam Bankman-Fried claims key evidence showing FTX's solvency and his state of mind was blocked from trial.
- He argues the missing $8 billion was a cash-flow timing issue, not proof of intent to defraud.
Long Interview Reveals Unwavering Denial
- Jonathan Jones spent many hours interviewing Sam Bankman-Fried about his perspective and actions.
- SBF repeatedly insisted he did not commit a crime and believed more time would have solved FTX's problems.
Sullivan & Cromwell Blamed For Collapse
- Sam told Jones his single biggest mistake was handing control to law firm Sullivan & Cromwell.
- He claims they pushed FTX into bankruptcy and cut off information that could have aided recovery and his defense.