Sam Bankman-Fried Seeks New Trial in FTX Fraud Case, Citing Juror Misconduct

Sam Bankman-Fried, the convicted founder of the collapsed cryptocurrency exchange FTX, has formally filed a motion for a new trial. His legal team argues that a juror's alleged failure to disclose a significant personal connection to the case constitutes misconduct and compromised the fairness of the proceedings. Bankman-Fried was found guilty on multiple counts of fraud and conspiracy last year related to the multi-billion dollar implosion of FTX and its sister trading firm, Alameda Research. The motion claims this newly revealed information warrants overturning the conviction and holding a retrial. The outcome of this request could significantly impact the final sentencing and is being closely watched by the crypto industry and legal observers. The case continues to cast a shadow over the crypto market, highlighting ongoing regulatory and legal challenges.