According to the latest news, FTX creditor representative Sunil posted an important announcement on a social platform on August 3. The announcement revealed that there is new progress in the once sensational FTX case: the appeal case of FTX founder Sam Bankman-Fried (SBF) is set to be heard in the week of November 3, 2025, at the U.S. Court of Appeals for the Second Circuit.

This news immediately sparked widespread attention in the cryptocurrency community. Looking back, SBF was found guilty of 7 charges by the court in November 2023, and subsequently sentenced to 25 years in prison in March 2024. However, SBF did not resign to this fate, as he formally filed an appeal in September 2024.

It is worth noting that all legal documents related to this case were submitted by January 2025. This means that the entire process from document submission to the formal court hearing took nearly 10 months. During this time, SBF's legal team was undoubtedly making adequate preparations for the upcoming appeal hearing.

The result of this appeal hearing will be a key turning point in SBF's fate. It not only concerns whether SBF can successfully overturn the case but will also directly impact the length of his final sentence. For the entire cryptocurrency industry, the outcome of this hearing is also of great significance, as it may have far-reaching effects on the future regulation and development of the industry.

As the court date approaches, industry insiders and ordinary investors are closely watching the developments. Regardless of the outcome, this appeal hearing will become another significant milestone in the history of cryptocurrency, adding a new footnote to this young and controversial industry.