Former FTX CEO Sam Bankman-Fried has filed a request for a new trial, citing the discovery of new evidence in his case. After dismissing his attorney, he is preparing to pursue a fresh opportunity for justice. FTX, once a prominent cryptocurrency exchange serving millions of users, collapsed following a liquidity crisis and financial irregularities, shaking confidence in the crypto market and prompting stricter regulations worldwide. Bankman-Fried faces allegations of misusing customer funds and financial misconduct, with ongoing charges including fraud and other financial crimes. In his new filing, he points to potential evidence that could prove his innocence. Should the court accept this evidence, it may lead to a favorable ruling for Bankman-Fried, though the outcome remains at the court’s discretion. This case holds significant importance for the cryptocurrency industry, as its resolution could influence future regulatory measures and consumer protections.
Source: decrypt
