Sam Bankman-Fried Declines Post-Trial Motions

Sam Bankman-Fried, the former CEO of FTX, has chosen not to file any post-trial motions following his conviction on federal fraud charges. This decision was communicated in a letter to Judge Lewis Kaplan in the United States District Court for the Southern District of New York, signaling a strategy to reserve rights for appeal claims. Bankman-Fried, who faces a sentencing date on March 28, is already looking at a lengthy prison sentence. His case is a landmark in the crypto world, representing one of the first high-profile executives in the industry to face criminal charges in the United States. This development follows a trend of legal actions against crypto executives, with others like former Celsius CEO Alex Mashinsky and Binance's Changpeng Zhao also facing legal challenges​​​​​​​​.

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