Connect with us

Policy & Regulation

FTX Founder Sam Bankman-Fried Demands New Trial, Says Judge Presumed Guilt and Derided Him in Front of Jury

Published

on

FTX Founder Sam Bankman-Fried Demands New Trial, Says Judge Presumed Guilt and Derided Him in Front of Jury

Credit : dailyhodl.com

Disgraced FTX founder Sam Bankman-Fried is looking for a brand new trial, claiming everybody, together with the chairman, suspected his guilt earlier than his authorized battle even started.

In a brand new submitting with the U.S. Court docket of Appeals for the Second Circuit, Bankman-Fried’s attorneys say their consumer noticed solely one-sided rulings through the trial led by Choose Lewis A. Kaplan.

In keeping with the attorneys, Choose Kaplan even ridiculed Bankman-Fried in entrance of the jury.

“Through the proceedings, the court docket made little pretense of objectivity or stability. Along with debunking Bankman-Fried’s defenses, the decide repeatedly made caustic feedback that undermined the protection and counsel, even mocking the defendant’s personal testimony throughout pretrial hearings and earlier than the jury.”

The attorneys additionally say the trial was removed from truthful after everybody accepted Bankman-Fried’s guilt.

“The rules of due course of had been swept away by a tsunami of ‘first judgment after the actual fact’ as everybody rushed to judgment after the collapse of the FTX. Sam Bankman-Fried was by no means presumed harmless. He was presumed responsible – earlier than he was even charged. He was discovered responsible by the media. He was deemed responsible by the FTX debtor and his attorneys. He was discovered responsible by federal prosecutors looking forward to fast headlines. And he was discovered responsible by the decide who presided over his trial.”

Sam Bankman-Fried is now asking the court docket to refer the case again for a brand new trial ‘earlier than a unique decide’.

On March 28, Choose Lewis A. Kaplan sentenced Bankman-Fried to 25 years in jail and three years of supervised launch for facilitating a scheme that siphoned greater than $8 billion in FTX consumer funds to his buying and selling agency, Alameda Analysis.

READ  Argentina’s CNV proposes new regulations for virtual asset service providers

He additionally ordered the 32-year-old to pay an $11 billion forfeiture.

In April, Bankman-Fried filed an attraction in an try and overturn his conviction and sentence.

Do not miss a beat – Subscribe to obtain electronic mail alerts straight to your inbox

Verify worth motion

Comply with us additional XFb and Telegram

Surf to the Each day Hodl combine

Featured picture: Shutterstock/Alberto Andrei Rosu

Adoption

Adoption3 days ago

Here’s why Solana could be a trillion-dollar network by 2030

Credit : cryptoslate.com For years, the idea inside crypto and inside conventional finance was easy: when institutional adoption lastly matured,...

Adoption4 days ago

How Wall Street’s Ripple bet gives XRP a big institutional role

Credit : cryptoslate.com Ripple’s newest funding spherical got here with uncommon pressure for an organization lengthy outlined by lawsuits and...

Adoption7 days ago

Bitcoin faces shaky support as institutional buying wanes

Credit : cryptoslate.com For many of 2025, Bitcoin’s backside appeared immovable, supported by an unlikely alliance of company bonds and...

Adoption1 week ago

Washington does a 180 as Treasury Secretary Scott Bessent dubs Bitcoin ‘more resilient than ever’

Credit : cryptoslate.com For the primary time, a sitting US Treasury Secretary has described Bitcoin as greater than only a...

Adoption1 week ago

Steak n Shake isn’t just flipping burgers; they’re funneling profits directly into a Strategic Bitcoin Reserve

Credit : cryptoslate.com Steak n Shake simply made quick meals and Bitcoin historical past. On White Paper Day, the 91-year-old...

Adoption1 week ago

Why exchange channels break a favorite Bitcoin metric

Credit : cryptoslate.com The Bitcoin Lightning Community was as soon as the crown jewel of Bitcoin’s scaling story, a dwelling...

Adoption1 week ago

Has Mastercard accepted the inevitability of crypto? Spends $2B on tokenization platform

Credit : cryptoslate.com Mastercard may quickly make a major funding to completely enter the crypto house. Based on ReutersThe corporate...

Adoption2 weeks ago

MetaMask advances towards a unified crypto wallet by adding Bitcoin

Credit : cryptoslate.com For years, MetaMask was the default gateway to Ethereum, the browser extension that turned “join pockets” into...

Trending