The U.S. appeals court is skeptical of SBF's request to overturn the Crypto Assets fraud charges.

According to Mars Finance, the U.S. Court of Appeals for the Second Circuit raised questions about SBF's appeal, as reported by Reuters on Tuesday. His lawyers claimed that the previous trial regarding the FTX fraud case was unfair, leading to a 25-year sentence for SBF that should be overturned. During the appeal hearing, a panel of three judges questioned a key issue: whether the exclusion of evidence from the previous trial would affect the jury's guilty verdict. Circuit Judge Maria Araujo Kahn asked SBF's lawyer whether not questioning the sufficiency of the evidence equated to acknowledging that the evidence was sufficient for conviction. The lawyer responded that even if the evidence were sufficient, the procedural errors of the trial judge still affected fairness. Prosecutor Nathan Rehn pointed out that the existing evidence has sufficiently proven that SBF misappropriated customer funds. SBF's side argued that the previous trial did not allow evidence to be submitted that proved FTX was solvent at the time, leading to a biased ruling. The prosecution emphasized that the evidence chain, including testimonies from three witnesses and a large number of internal documents, is complete and sufficient for conviction. SBF is currently serving his sentence in a low-security prison in Los Angeles, with an expected release in October 2044.