According to The Block, Sam Bankman Fried (SBF), former CEO of cryptocurrency exchange FTX, has appealed and requested a retrial. His lawyer criticized New York District Court Judge Lewis Kaplan's handling of the case and stated that SBF should not be prohibited from presenting certain evidence.

He was presumed guilty even before being charged. The media presumed him guilty, and he was presumed guilty by the FTX debtor consortium and its lawyers, "SBF's lawyer said in the 102 page appeal." Federal prosecutors were eager to seek headline news and presumed him guilty, and the presiding judge also presumed him guilty

SBF was found guilty of all seven criminal charges of defrauding FTX customers, lenders, and investors by a jury in New York in November. The prosecutor stated that SBF planned "possibly the largest fraud case in the past decade" and compared it to Bernie Madoff, the mastermind behind the Ponzi scheme. Subsequently, he was sentenced to 25 years in prison.

Reason for appeal

SBF's lawyer Alexandra Shapiro argued in the appeal that the jury was "only allowed to see half of the story" because the court ruled that whether SBF intended to steal clients' funds was not a key factor. Shapiro added that the former CEO could have testified that he relied on legal advice on certain business matters, but the court prevented him from doing so.

Shapiro stated that the court prevented SBF from presenting evidence of the solvency of FTX and hedge fund Alameda. During the interrogation, the prosecutor hinted that both companies were unable to repay their debts. Shapiro said:

When presenting these arguments, the government copied the statements of FTX debtors, intentionally making the outside world believe that any losses suffered by customers should be attributed to Bankman Fried, rather than their poor management of the consortium's assets

Prosecutors also accused SBF of spending billions of dollars on luxury apartments and political donations, claiming that the money was gone. Shapiro stated that this statement is incorrect, "as everyone now knows, FTX customers and Alameda creditors will receive repayment from the bankruptcy estate. According to reports, the FTX consortium has recovered up to $16.3 billion in assets.

Bankman Fried did not lose or steal all the money, and his investments were not dangerous or foolish. Many of these investments, such as his $500 million investment in Anthropic and his investment in Solana, were visionary, "Shapiro added." However, these investments lack liquidity, which means they cannot be immediately converted into cash to cope with the run caused by customer withdrawals in November 2022. FTX is facing a liquidity crisis, not a solvency crisis

Shapiro stated that SBF should ultimately be allowed to refute the prosecution's arguments. According to the appeal, "if the judge allowed the defense to provide evidence, all of this could have been proven in the trial," and "the bias arising from the error can be summarized simply: the prosecution was allowed to present an objectively erroneous case, but the defense was not allowed to refute it.

Shapiro argued in his appeal that Judge Kaplan clearly showed during the trial that he did not like SBF and accused him of favoring the government. The lawyer also claimed that the judge "improperly urged the jury" to make a verdict within one night, partly due to the provision of free dinner and vehicle services. Shapiro said, "Judge Kaplan has repeatedly expressed his firm belief in Bankman Fried's guilt

(责任编辑：现货金)

• ·Web3统一之战开启，跨Layer2互操作如何破局以太坊发展困境
• ·10月31日招商企业优选混合A净值下跌0.89%，近1个月累计下跌3.71%
• ·乌克兰将向欧盟提交40页对俄制裁方案，锐评美国不够努力！
• ·10月31日前海开源盛鑫混合C净值下跌0.60%，今年来累计下跌4.37%
• ·比特币临近新高，交易员们怎么看？
• ·10月31日安信平衡增利混合A净值下跌0.26%，近1个月累计下跌1.87%
• ·面對區塊鏈產業的發展，何一：如果我們意見不一樣，那可能你是對的
• ·市场反弹之际，顶级交易员以 25 倍杠杆押注 6000 万美元于以太坊
• ·次贷 AI 危机：加密 x AI 需要重新思考
• ·EMC Labs 报告：9 月降息，调整半年的比特币将重定趋势
• ·公司刷信用卡怎么做会计分录
• ·10月31日银华丰享一年持有期混合净值下跌0.84%，今年来累计下跌1.24%
• ·2025 年第二季度末之前狗狗币（DOGE）将飙升多少？
• ·Cetus 真的「追回」1.6 亿美元被盗资金了吗？
• ·qq股票诈骗-qq 股票
• ·meme币交易平台下载 meme币虚拟币交易平台官网