TechFlow reports that, according to Bloomberg, Sam Bankman-Fried, co-founder of the FTX cryptocurrency exchange and currently serving a 25-year prison sentence, filed a motion for a new trial on February 5. The motion was formally docketed on Tuesday at the U.S. District Court for the Southern District of New York in Manhattan. The 33-year-old Bankman-Fried is representing himself and claims that new witnesses can refute the prosecution’s allegations that he defrauded FTX customers. This motion is separate from his formal appeal of the 2023 conviction and was submitted to the court clerk by his mother, Barbara Fried, a retired professor at Stanford Law School. Analysts believe the motion has a low likelihood of being granted.
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