Crypto: SBF finally appeals and denounces a biased trial in the FTX case

Despite being sentenced to 25 years in prison, Sam Bankman-Fried, co-founder of the FTX exchange, is still fighting back. He says FTX's downfall was not entirely his fault. He claims his trial was marred by irregularities, including a biased judge. Now, he's trying to overturn his conviction, with the hope of having his case retried under a different judge.

SBF and its fight against the verdict

Sam Bankman-Fried, or SBF to his friends, has never really accepted his status as Chief fraudster of the crypto era. Convicted last year of siphoning billions from FTX accounts, the former boss is now appealing. His angle of attack? Judge Kaplan, who, according to his lawyers, orchestrated a biased trial.

” Sam Bankman-Fried was never presumed innocent ” says Alexandra AE Shapiro, his lawyer, in a 102-page appealShe criticises several decisions by the judge that restricted the defence, in particular the impossibility of introducing evidence on the solvency of FTX, the exchange issuing FTT.

According to SBF, FTX Wasn't Insolvent, Just Suffering From a Liquidity Crisis. His investments were not risky, but difficult to liquidate in time. However, it was these losses that sent the ship into the abyss of bankruptcy.

SBF's lawyers insist that the exchange's post-crisis management Misguided administrators played a key role in the loss of funds.

Here are some highlights from the call:

• SBF claims FTX held billions to repay customers;
• The judge would have prohibited the defense from proving the solvency of the exchange;
• The accusations were amplified by the media coverage of the trial.

A new battle in the crypto universe

The crypto world has never been a playground for the faint of heart, but with the FTX case, the dirty tricks are reaching new heights. The Sam Bankman-Fried trial has not only shaken the industry, it has opened a new era where trials of key players become the media's favorite soap opera.

For SBF, the outcome still seems uncertain. His lawyers are crying foul, claiming that their client did not receive a fair defense, particularly because of witnesses like Caroline Ellison, a former colleague and girlfriend, who pleaded guilty and testified against him. And what fate for his former associates?

FTX is nothing more than a field of ruinsa glaring example of what irresponsible management can cost in a sector as volatile as crypto. Today, SBF's defenders claim thathe never had the opportunity to present his version of events in full. Yet for many, this appeal battle feels like a last desperate attempt to save what remains of his reputation.

Between fraud, plots and betrayals, the FTX saga continues to captivate. But one question remains: will the American justice system offer him a second chance? Or is this the end of the saga for the fallen king of crypto?

Arrested in December 2022 in the Bahamas, Sam Bankman-Fried is now the star of a BBC documentary, which recounts the dizzying fall of this fallen king of the crypto world.