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Jailed FTX founder Sam Bankman-Fried files a motion seeking a new trial

Regulation & Legal

Attorneys for Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, have officially filed an appeal seeking a new trial. The legal team argues that the presiding judge, Lewis Kaplan, was unfairly biased and made several evidentiary rulings that hampered the defense’s ability to present a complete case. Bankman-Fried, who was sentenced to 25 years in prison for orchestrating a massive multi-billion-dollar fraud, claims that the court prevented him from introducing evidence regarding his ‘good faith’ intentions and his cooperation with bankruptcy proceedings. The appeal further asserts that the trial was conducted in a manner that presumed guilt from the outset. Prosecutors have yet to issue a formal response to the motion, which marks the latest development in the high-profile legal battle following one of the largest financial collapses in history.

Source: Jailed FTX founder Sam Bankman-Fried files a motion seeking a new trial

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