FTX's Sam Bankman-Fried Requests New Trial After Fraud Conviction

Sam Bankman-Fried, the ex-CEO of the collapsed cryptocurrency exchange FTX, has formally submitted a request for a new trial after being convicted on several counts of fraud. His legal team is contesting the verdict that found him guilty and is pursuing avenues to challenge the decision, aiming for what they believe to be a fair reevaluation of the case.

The conviction, which casts a shadow over Bankman-Fried's reputation and the crypto industry, has prompted him to reconsider the legal strategies employed during the initial trial. His motion requests that the court reassess the evidence and the procedures that led to his sentencing.