Sam Bankman-Fried, the disgraced founder of the cryptocurrency exchange FTX, has formally requested a new trial following his conviction on multiple counts of fraud and conspiracy. This legal move comes shortly after Bankman-Fried replaced his previous legal team, seeking a fresh defense strategy. His new attorneys argue that the original trial was fundamentally unfair, citing restricted evidence and judicial bias as grounds for a retrial. Earlier this year, Bankman-Fried was sentenced to 25 years in prison for orchestrating a multi-billion-dollar scheme that led to the collapse of FTX and the loss of billions in customer funds. The appeal process is expected to be a lengthy battle as the defense attempts to challenge the rulings of the District Court.
Source: FTX Founder Sam Bankman-Fried Requests New Trial After Firing Attorney
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