Sam Bankman-Fried's Appeal in the Crypto Fraud Case
Friday, 13 September 2024, 12:44
Sam Bankman-Fried Appeals Fraud Conviction
In a significant turn of events, Sam Bankman-Fried has filed an appeal against his fraud conviction stemming from the catastrophic failure of his crypto exchange last year. Following the jury's decision in November 2022, which resulted in seven counts of fraud and conspiracy, Bankman-Fried's legal team is pushing for a new trial. U.S. District Judge Lewis Kaplan will review this request, as the implications of the trial reverberate through the cryptocurrency market.
Details of the Appeal
- The appeal argues procedural issues during the original trial.
- Bankman-Fried claims that new evidence has emerged.
- The majority of the crypto community watches the proceedings closely.
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