Fried’s bid to reverse his fraud conviction and 25-year prison sentence ran into a trio of appeals court judges who appeared skeptical of arguments that he didn’t get a fair trial.Bankman-Fried’s legal team argued that the trial judge wrongly stopped them from telling jurors that there was plenty of money to repay investors despite the collapse of his crypto currency exchange in 2022 or that he relied on the advice of lawyers.

Fried’s appeal claims FTX was solvent & his trial was rigged. Inside the explosive argument that Judge Kaplan blocked SBF’s full defense. Read the claim.

Sam Bankman-Fried (SBF) appeals FTX fraud conviction, claiming judicial bias and trial misconduct. Defense seeks retrial with a new judge.

FTX drops proposal that could have stopped repayments to users in China and other regions. Creditors and global claimants strongly opposed the plan in the U.S. bankruptcy court. The reversal keeps $800 million in customer claims active for future repayment.

The FTX Recovery Trust has formally withdrawn its controversial motion to restrict repayments to creditors in certain foreign jurisdictions, after strong

FTX’s fall from grace is nearly complete. On Tuesday, former FTX CEO Sam Bankman-Fried (SBF) will stand before the Second Circuit Court, fighting to erase a conviction that made him the face of crypto’s collapse.

The collapse of FTX demonstrated a huge level of mismanagement and liquidity default, shaking the crypto industry and causing a wave of fallout in November 2022.

FTX withdrew its plan to restrict repayments in 49 jurisdictions after backlash from creditors, especially those in China.

FTX creditors will recover only 9–46% of their holdings in real cryptocurrency terms, according to a statement from Sunil Kavuri. The head of FTX’s largest creditor group posted on X, noting that FTX creditors remain unreconciled.