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TechFlow reports that on March 12, according to Bloomberg, U.S. prosecutors stated that Sam Bankman-Fried’s motion for a new trial should be denied, as he failed to demonstrate any injustice in the original verdict. Bankman-Fried is currently serving a 25-year prison sentence. In 2023, a jury found him guilty of fraud and conspiracy related to the collapse of the cryptocurrency exchange FTX, leading to the aforementioned sentencing.
According to Bloomberg, U.S. prosecutors stated that Sam Bankman-Fried’s motion for a new trial should be denied because he failed to demonstrate any injustice in his original conviction. Bankman-Fried is currently serving a 25-year prison sentence. In 2023, a jury found him guilty of fraud and conspiracy related to the collapse of the cryptocurrency exchange FTX, leading to the aforementioned sentencing.
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