Sam Bankman-Fried Appeals Fraud Conviction, Seeks New Trial
FTX founder's lawyers argue that he was judged too quickly and claim the trial judge was unfairly biased.
- Sam Bankman-Fried's legal team filed an appeal on Friday, requesting a new trial and alleging that the judge overseeing the case was biased.
- The appeal argues that the jury only saw 'half the picture' due to the exclusion of critical evidence that could have supported Bankman-Fried's defense.
- Bankman-Fried was convicted last November of fraud and conspiracy related to the collapse of his cryptocurrency exchange, FTX, in 2022.
- The defense claims that FTX was never insolvent and had enough assets to repay its customers, a point they argue was not adequately presented during the trial.
- Bankman-Fried is currently serving a 25-year sentence, but his lawyers contend that the sentence was excessively harsh for a first-time, non-violent offender.