Former FTX CEO Sam Bankman-Fried has filed an appeal and called for a new trial.
A lawyer representing Bankman-Fried criticized New York District Judge Lewis Kaplan's handling of the case and said the former executive should not have been blocked from introducing certain evidence.
"He was presumed guiltyâbefore he was even charged. He was presumed guilty by the media. He was presumed guilty by the FTX debtor estate and its lawyers," Bankman-Fried's lawyer said in the 102-page appeal. "He was presumed guilty by federal prosecutors eager for quick headlines. And he was presumed guilty by the judge who presided over his trial."
The appeal was filed in the U.S. Court of Appeals for the Second Circuit.
Start your day with the most influential events and analysis
happening across the digital asset ecosystem.
Bankman-Fried was found guilty in November by a jury in New York of all seven criminal counts of defrauding the customers, lenders and investors of FTX. Prosecutors say Bankman-Fried orchestrated "likely the largest fraud in the last decade," making comparisons to Ponzi scheme mastermind Bernie Madoff. He was later sentenced to 25 years in prison.
This is a developing story.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
