Sam Bankman-Fried files for new trial over FTX fraud charges

Sam Bankman-Fried files for new trial over FTX fraud charges

The incarcerated former leader of the failed crypto exchange wants a new chance to defend against fraud charges. What to know: Sam Bankman-Fried’s mom filed the ex-CEO’s latest request to clear his name in court, with the former leader of global crypto exchange FTX seeking another U.S. trial. He’s representing himself at this point, according to the 35-page “pro se” filing. SBF will have to demonstrate he has compelling new evidence to warrant …

SBF Strikes Back: Debunks Epstein-Style Allegations in Latest FTX Defense

TL;DR: SBF claims customers are receiving up to 143% of their funds, though the figure is disputed due to the 2022 valuation. The former CEO categorically denied rumors of sexual misconduct compared to the Jeffrey Epstein case. Bankman-Fried maintains that the 2023 trial was unfair and that he was barred from presenting evidence of solvency to the court. From his cell at the Metropolitan Detention Center in Brooklyn, Sam Bankman-Fried launched …

SBF posts his latest attempt to bust "10 Myths" about the allegations he’s serving time for

In his latest attempt to defend his reputation to the outside world from behind bars, Sam Bankman-Fried (SBF), the former CEO of FTX Trading Ltd, came out today, February 20, to challenge the narratives that led to his conviction on seven counts of fraud and conspiracy. The former FTX CEO, currently serving a 25-year sentence at Brooklyn’s Metropolitan Detention Center, posted a “10 Myths About Me & FTX” thread claiming FTX was never insolvent, …

Sam Bankman-Fried Calls FTX Collapse A Liquidity Crisis, Not Fraud

Sam Bankman-Fried is pushing back on what he calls widespread misconceptions about FTX’s collapse, arguing the exchange faced a liquidity crisis rather than insolvency or fraud. ‘FTX Was Not Insolvent’ Sam Bankman-Fried contended on X on Friday that FTX was solvent at the time of its bankruptcy filing and that customer funds did not permanently disappear. He claimed the company is now repaying customers between 119% and 143% of their claims. Ac…