FTX founder SBF formally appeals against his fraud charges and requests a retrial

According to Mars Finance, the New York Times reported that FTX founder Sam Bankman-Fried has formally appealed against his fraud charges, requesting a retrial and accusing the judge who tried his case of being unfairly biased against him. Last November, a New York jury convicted Bankman-Fried of seven counts of fraud and conspiracy related to the collapse of his cryptocurrency exchange in November 2022. In March of this year, Lewis Kaplan, a U.S. District Judge for the Southern District of New York (SDNY), sentenced Bankman-Fried to 25 years in prison for his crimes. In a 102-page appeal filed Friday afternoon, Bankman-Fried's lawyers argued that Judge Kaplan was unfair to the FTX founder throughout the trial, making "scathing remarks that undermined the defense" and "ridiculing" his testimony in front of the jury. Bankman-Fried's lawyers suggested a lighter sentence of 6.5 years in prison. The government asked for a heavier sentence of 40-50 years in prison.