Sam Bankman-Fried appeals fraud conviction tied to FTX collapse
(NEW YORK) — Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, was convicted because of a “false narrative” told by federal prosecutors at a trial “tainted” by errors, his attorneys argued in a new court filing Friday to a federal appeals court.
“Fair trial principles were swept away in a ‘Sentence first-verdict afterwards’ tsunami, as everyone rushed to judgment following FTX’s collapse,” defense attorneys wrote in the appeal. “Sam Bankman-Fried was never presumed innocent. He was presumed guilty—before he was even charged.”
Bankman-Fried was found guilty of fraud, conspiracy and money laundering last November after federal prosecutors in New York accused him of orchestrating a scheme that collapsed the crypto-exchange he founded, FTX, and stole $8 billion in customer funds.
He is serving a 25-year prison sentence, which his attorneys called “draconian.”
In Friday’s appeal, defense attorney Alexandra Shapiro attacked the trial judge, Lewis Kaplan, and the U.S. Attorney’s Office for the Southern District of New York, accusing them of lacking objectivity or even-handedness.
“He was presumed guilty by the media. He was presumed guilty by the FTX debtor estate and its lawyers. He was presumed guilty by federal prosecutors eager for quick headlines. And he was presumed guilty by the judge who presided over his trial,” the appeal said.
The U.S. Attorney’s Office declined to comment, but will submit a written reply brief.
The defense asked for a reversal of Bankman-Fried’s conviction and a new trial before a different judge.
Former Alameda Research CEO Caroline Ellison, Bankman-Fried’s ex-girlfriend and a blockbuster witness for the prosecution, is set to be sentenced for her role in the fraud later this month.
(NEW YORK) — For any Google users who send and receive emails thanks to the software company’s free Gmail service, it may be time to take stock of your account to ensure it’s not deleted.
The search engine site’s popular Gmail app has more than 1.5 billion active users worldwide, according to the company, and while it doesn’t limit the number of accounts a user can create, they must follow a set of guidelines to maintain an active status.
Google has an inactive account policy, which states that users with “an account that has not been used within a 2-year period” can be deleted due to inactivity.
“This policy applies to your personal Google Account. This policy doesn’t apply to any Google Account that was set up for you through your work, school, or other organization,” the company said.
How to prevent your Gmail account from being deleted
For users with a single Google account that has not been used within the last two years, here are some helpful steps from the company to reconnect and stay online.
Read or send an email.
Share a photo or watch a YouTube video while signed into the relevant Google account.
(WASHINGTON) — Former President Donald Trump told the audience at a cryptocurrency conference in Nashville, Tennessee, over the weekend that he wants to turn the U.S. into the “crypto capital of the planet.”
The remarks thrust digital currency into the forefront of a presidential campaign in which both major candidates are seeking to draw contrasts on hot-button issues. The political attention comes during an upswing for bitcoin, the most popular cryptocurrency, which has surged 60% in value this year.
Trump, who opposed crypto as president, has recently undertaken a campaign blitz in support of digital assets. By contrast, likely Democratic nominee Kamala Harris has remained quiet on the issue since President Biden ended his reelection bid more than a week ago and endorsed the vice president in his place.
“This is a really live issue,” Aaron Klein, a senior fellow in economic studies at the Brookings Institute, told ABC News, pointing to key constituencies that disproportionately trade cryptocurrency, such as young voters.
In response to ABC News’ request for comment, the Trump campaign touted the candidate’s support for crypto and the wider tech industry.
“As the Bitcoin conference demonstrated, President Trump wants our nation to regain the global lead for technology, innovation, and manufacturing. That includes crypto and other sectors,” senior adviser Brian Hughes told ABC News in a statement. “Crypto innovators and others in the technology sector are under attack from Kamala Harris and the Democrats who’ve placed obstacles and unnecessary burdens in the way of our nation’s next generation of industry leaders.”
The Biden campaign did not immediately respond to an ABC News request for comment on the issue.
Here’s what to know about where Trump and Harris stand on cryptocurrency:
Where does former President Donald Trump stand on cryptocurrency?
While in office, Trump sharply criticized crypto. In 2019, he derided digital assets in a post on X as “highly volatile and based on thin air.”
“Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade,” Trump added.
Lately, however, Trump has voiced full-throated support for crypto. Speaking at the annual Bitcoin Conference on Saturday, Trump vowed to ease regulation of cryptocurrency and establish the federal government’s first National Strategic Bitcoin Reserve.
Trump also said he would replace Securities and Exchange Commission Chair Gary Gensler, who many crypto proponents dislike for his robust approach to crypto regulation.
“Trump seems to have had a change of heart and is going all-in on crypto,” Eswar Prasad, a professor at Cornell University who studies digital assets, told ABC News.
In recent weeks, Trump has received endorsements from some major figures in Silicon Valley who back crypto, including Tesla CEO Elon Musk, a prominent crypto supporter. Other Trump supporters include Cameron and Tyler Winklevoss, billionaire crypto entrepreneurs who gained prominence in the early 2000s after suing Facebook CEO Mark Zuckerberg.
In a post on X on Monday, Cameron Winklevoss said, “We’re going to make America and Bitcoin greater than ever before.”
Prasad said Trump’s about-face on crypto aligns with his effort to appeal to Silicon Valley donors and signal a deregulatory approach toward business.
“He seems to view the crypto industry as a source of financing for this campaign and also as lining up with his anti-big government message,” Prasad said.
It remains difficult to discern exactly where Harris stands on crypto, experts told ABC News.
Where does Vice President Kamala Harris stand on cryptocurrency?
The Biden administration has been widely perceived as tough on crypto, they noted, citing the federal prosecution of FTX founder Sam Bankman-Fried and cryptocurrency regulations enforced by Gensler. However, experts told ABC News, it isn’t clear how closely Harris intends to align herself with Biden on the issue.
Democrats are divided over crypto policy, said Klein, of the Brookings Institute. Progressive Sen. Elizabeth Warren, D-Mass., has been a forceful critic of crypto, for instance, while tech entrepreneur and Harris supporter Mark Cuban has sought a friendlier stance on digital assets, Klein noted.
“The Democratic party has a split,” Klein said.
Harris ultimately may seek to soften the Biden administration’s position on cryptocurrency, experts said. The Harris campaign has contacted top crypto firms in an effort to “reset” relations between the industry and the Democratic Party, the Financial Times reported on Saturday.
“I suspect Harris’s campaign will have some level of strategic ambiguity between the Biden administration’s line and what the cryptocurrency industry wants,” Klein told ABC News.
(NEW YORK) — Holland America has created some picture perfect cruise itineraries for travelers with celestial events on their adventure bucket list such as seeing the northern lights or a total solar eclipse from the high seas.
The Seattle-based cruise line announced a new slate of celestial cruises on Monday that will take guests to prime locations throughout Europe to experience three different natural phenomena firsthand.
Three new Holland America solar eclipse cruises
Following the success of Holland America’s 2024 eclipse cruises, the company’s chief commercial officer, Beth Bodensteiner, said the team put together the 2026 lineup for more guests “to get a front-row seat for some of the world’s most special natural spectacles” with “in-depth exploration of exciting destinations.”
Three ships from the fleet will be positioned under the path of totality for the Aug. 12, 2026, total solar eclipse.
They include the Oosterdam, which will take guests for a 13-day Mediterranean cruise departing off the eastern coast of Spain, at sea in the path of totality between Alicante and Barcelona; the Nieuw Statendam, which is set to explore Northern Europe for a 28-day cruise, sailing off the northwest coast of Iceland at sea in the path of totality; and the 35-day Voyage of the Vikings, a roundtrip cruise from Boston aboard the Zuiderdam, will sail under the path of totality off the west coast of Iceland, just before arriving at Grundarfjörður.
Guests aboard each excursion can expect lectures from scientific experts, themed activities and proper safety equipment for viewing the total eclipse.
The Voyage of the Vikings sets sail July 18, 2026, and has calls at Portland, Maine; Sydney, Corner Brook, Red Bay, St. Anthony, St John’s and Halifax in Canada; Paamiut (Frederikshåb), Nanortalik and Qaqortoq (Julianehåb) in Greenland; Reykjavik, Seydisfjördur, Húsavík and Grundarfjørdur in Iceland; Eidfjord, Norway; Rotterdam, Netherlands; Dublin, Ireland; and Belfast, Northern Ireland.
The Scandinavian Solar Eclipse departs July 25, 2026, from Dover, England, or Rotterdam aboard the Niew Statendam, with multiple calls in Norway, Iceland, Greenland, the Faroe Islands and Scotland.
The shortest of the three voyages through the Mediterranean will have calls at Spain, France, Italy, Portugal, Greece and Montenegro.
Holland America debuts Northern Lights cruises
“As 2026 is predicted to be a highly active period for auroras, a growing number of travelers plan to prioritize seeing them on vacation. Guests seeking to pair that adventure with an in-depth exploration of Norway can do so on one of two Northern Lights cruises aboard Rotterdam and Nieuw Statendam,” Holland America announced. “The cruises feature an overnight in Alta, also known as The City of the Northern Lights, and spend five days above the Arctic Circle.”
The first of the two cruises, a 14-day journey departing Oct. 4, 2026, will sail from Rotterdam to Amsterdam. The 15-day option departs Oct. 16, 2026, from Dover to Rotterdam.
Summer Solstice Holland America cruise above the Arctic Circle
The Nieuw Statendam will take passengers on a 14-day cruise crossing the Arctic Circle to celebrate the summer solstice in Honningsvåg, Norway, one of the northernmost cities on the planet, to experience the maximum amount of daylight on the longest day of the year.
The cruise line is offering some early booking discounts for a limited time on premium packages for its Mariner Society loyalty members, which includes an up to $400 onboard credit for bookings made by Oct. 29, 2024.