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Sam Bankman-Fried Withdraws Retrial Motion, Citing Unfair Trial Concerns
23.04.2026 14:48
Sam Bankman-Fried, the founder of FTX, has officially withdrawn his motion for a retrial. His legal team stated that they believe a fair trial is impossible under the current circumstances. This decision comes after his conviction on multiple fraud charges related to the collapse of the FTX cryptocurrency exchange. The move signals a potential shift in legal strategy, as Bankman-Fried may now focus on appealing the verdict rather than seeking a new trial. The case continues to impact market sentiment around FTT and broader crypto regulations.
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