FTX Founder Sam Bankman-Fried Files Appeal and Shows Remorse

By: Eva Baxter

FTX Founder, Sam Bankman-Fried, sentenced to 25 years of imprisonment for defrauding users, has filed an appeal arguing against the fairness of his trial. The fall of the cryptocurrency exchange FTX has shocked the crypto world, with thousands of customers suffering financial losses.

Bankman-Fried, in an interview, voiced his concerns about trial fairness, accusing the law firm representing FTX’s new owners of colluding with the prosecution and obstructing his access to crucial FTX documents. His official appeal is aimed at introducing unseen evidence and key witnesses. Bankman-Fried, currently at the Metropolitan Detention Center, has expressed his desire to stay in the same jail pending the outcome of his appeal.

Despite the negative publicity, FTX’s native token, FTT, is trading at $1.60, distinguishing itself from the overall unstable cryptocurrency market trend.