A judge denied Sam Bankman-Fried's request for a new trial, calling it a waste of court resources based on unfounded conspiracy theories. The former FTX founder claimed witness intimidation by prosecutors but provided no evidence to support his allegations. Bankman-Fried is currently serving a 25-year sentence for orchestrating one of the largest financial frauds in US history.
Background
Sam Bankman-Fried is the founder of collapsed cryptocurrency exchange FTX, who was convicted in 2024 on multiple fraud charges related to one of the largest financial scandals in US history.
- Source
- Ars Technica
- Published
- Apr 30, 2026 at 01:52 AM
- Score
- 5.0 / 10