Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Bankman-Fried appeals claiming jury saw half the truth
    ftx-0914
    ftx-0914
    IT Infrastructure

    Bankman-Fried appeals claiming jury saw half the truth

    By Lily YangSeptember 16, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Bankman-Fried’s lawyer claims critical evidence was excluded, leading to a misleading narrative about FTX’s financial health.
    • The appeal argues that the trial judge’s errors significantly influenced the jury’s verdict, impacting the fairness of the trial.

    OUR TAKE
    The appeal raises significant questions about the integrity of the judicial process. If crucial evidence was indeed withheld, it could undermine the legitimacy of the conviction. However, it is also essential to consider the severity of the allegations against Bankman-Fried and the potential impact on victims.
    –Lily,Yang, BTW reporter

    What happened 

    Sam Bankman-Fried‘s legal team filed an appeal arguing that the jury that convicted him only received “half the picture” due to the exclusion of key evidence by U.S. District Judge Lewis Kaplan. In a detailed 102-page brief submitted to the 2nd U.S. Circuit Court of Appeals, his lawyer Alexandra Shapiro contends that this prevented the jury from understanding FTX’s actual financial status and led to a false depiction of customer losses.

    Prosecutors accused Bankman-Fried of misappropriating $8 billion in customer funds to cover losses at Alameda Research. Although he admitted to mistakes during the trial, he maintained he did not steal funds. The jury ultimately convicted him of fraud and conspiracy. In March, he was sentenced to 25 years in prison. Currently held at the Metropolitan Detention Center in Brooklyn, Bankman-Fried now seeks to overturn his conviction based on these claims.

    Also read: FTX co-founder Sam Bankman-Fried receives 25-year jail term for fraud

    Also read: Sam Bankman-Fried seeks 5 years, shares crypto advice with guards

    Why it’s important  

    The news about Sam Bankman-Fried’s appeal highlights the complexity of the legal system, especially in cases involving huge sums of money and public trust, given the importance of his appeal to justice for high-profile financial crimes. The appeal could set a precedent for how key evidence is handled in future trials, affecting not only Bankman-Fried but other defendants in similar cases.

    The news reflects broader concerns about accountability in the cryptocurrency industry, where many investors have suffered significant losses. The case remains relevant as it touches on topics such as corporate governance, ethics, and judicial process that both the legal community and the public must watch closely.

    Bankman-Fried financial crimes FTX
    Lily Yang

    Lily Yang is an intern reporter at BTW media covering artificial intelligence. She graduated from Hong Kong Baptist University. Send tips to l.yang@btw.media.

    Related Posts

    Elon Musk’s xAI considers Saudi Arabia for data centre growth

    July 18, 2025

    VodafoneThree power connectivity at Sizewell C site

    July 18, 2025

    Eni and Khazna develop UAE data centre hub

    July 18, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.