Sam Bankman-Fried, the founder of the defunct cryptocurrency exchange FTX, is officially seeking a new trial following his conviction on multiple counts of fraud and conspiracy. Legal counsel for the former billionaire filed a motion alleging that the original proceedings were compromised by the exclusion of key evidence and the emergence of new witness testimony. The defense argues that this newly available information provides critical context regarding FTX’s financial operations and the intent of its executives, which could have led to a different verdict. Bankman-Fried was previously sentenced to 25 years in prison for his role in the collapse of the exchange, which resulted in billions of dollars in losses for customers. The request for a retrial represents a significant legal maneuver as his team continues to appeal the lengthy prison sentence.
Source: SBF seeks new FTX fraud trial, citing new witness testimony
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