Sam Bankman-Fried’s Lawyers Head to Court Today Seeking New Trial in FTX Fraud Case
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The post Sam Bankman-Fried’s Lawyers Head to Court Today Seeking New Trial in FTX Fraud Case appeared first on Coinpedia Fintech News Sam Bankman-Fried is back in the spotlight as fresh activity around his high profile case sparks renewed discussion in the crypto community. The recent developments have reignited a debate over his role in one of the biggest financial scandals in crypto history. Appeal to Overturn Conviction According to a report from Reuters, lawyers for Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange are set to urge the federal appeals court on November 4, to overturn his conviction. In 2023, a federal jury in Manhattan found Bankman-Fried guilty on seven criminal charges, concluding that he had stolen about $8 billion from FTX customers. Although SBF admitted to making mistakes while running FTX, he has denied stealing customers’ funds. His lawyers are set to argue before the 2nd U.S. Circuit Court of Appeals that SBF did not receive a fair trial. They claim that the judge wrongly blocked evidence that could have supported Bankman-Fried’s belief that FTX still had enough money to cover customer withdrawals. However, prosecutors argued that the trial evidence, including testimony from three cooperating witnesses and internal FTX documents, clearly proved that he was guilty. He was found guilty on seven counts of fraud and conspiracy in November 2023. Renewed Claims of FTX Solvency Just recently, an account linked to Sam Bankman-Fried shared a 14-page document on X claiming that FTX was never truly bankrupt. The document argues the exchange suffered only a temporary liquidity crisis and blames FTX’s external lawyers for taking control and forcing bankruptcy. “FTX was never bankrupt, even when its lawyers placed it into bankruptcy,” it said. It also claimed that when FTX filed for bankruptcy in 2022, it still had…
Filed under: News - @ November 4, 2025 10:27 pm