Former FTX CEO Sam Bankman-Fried Seeks New Trial Nearly Two Years After Fraud Conviction
Oral arguments within the enchantment of disgraced FTX founder Sam Bankman-Fried (SBF) are set to happen in Manhattan on Tuesday as the previous “king of crypto” pushes for a brand new trial.
SBF Pushes For New Trial
Lawyers for Bankman-Fried are anticipated to current their case for a brand new trial for the previous FTX CEO in New York City on November 4.
In a September 2024 court document, Bankman-Fried’s attorneys argued that the ex-crypto govt was “presumed responsible” earlier than his conviction.
“Throughout the proceedings, the district courtroom made little pretense of objectivity or even-handedness,” the submitting reads.
“In addition to eviscerating Bankman-Fried’s defenses, the decide repeatedly made biting feedback undermining the protection and protection counsel, even deriding the defendant’s personal testimony throughout the preview listening to and in entrance of the jury,” they added.
FTX Founder And Crypto Executives Face The Music
The listening to comes almost two years to the day after Bankman-Fried was convicted on legal fraud costs tied to his time as CEO of the doomed crypto exchange.
Several former associates of Bankman-Fried testified in opposition to him within the whirlwind month-long fraud trial, together with FTX chief technical officer, Gary Wang, the crypto platform’s former head of engineering, Nishad Singh, and one-time Alameda Research CEO, Caroline Ellison.
Bankman-Fried was sentenced to 25 years in federal jail in 2024 for orchestrating the massive digital asset scheme that noticed FTX buyers drained of $8 billion.
Last month, a publish on Bankman-Fried’s official GETTR account alleged that “Biden’s anti-crypto SEC/DOJ went after me” and arrested him in 2022 as a method of stopping his testimony on Capitol Hill the subsequent day.
“They had me arrested weeks earlier than the crypto invoice I used to be engaged on was set for a vote—and the evening earlier than I used to be set to testify earlier than Congress,” a publish on Bankman-Fried’s official Gettr account says.
However, it’s nonetheless unclear if Bankman-Fried’s arguments will maintain up in courtroom.
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