Bankman-Fried lawyers to argue before court today, seeking retrial over FTX fraud conviction
Summary
Lawyers for FTX co-founder Sam Bankman-Fried are scheduled to appear before the US Court of Appeals for the Second Circuit to seek a new trial and overturn his 25-year prison sentence for fraud. The defense's appeal centers on allegations of trial bias, specifically accusing US District Judge Lewis Kaplan of being unfair and mocking Bankman-Fried during the proceedings. Furthermore, the defense contends that FTX was never truly insolvent and blames bankruptcy lawyers for an unnecessary Chapter 11 filing that allegedly skewed the case narrative. The appeal also suggests that FTX's new management pushed for a swift conviction during the bankruptcy process. Separately, speculation is circulating in digital asset circles regarding a potential presidential pardon for Bankman-Fried.
(Source:Crypto Briefing)