A federal judge has rejected a motion by convicted FTX founder Sam Bankman-Fried to overturn his criminal conviction and receive a new trial.
The ruling follows Bankman-Fried's attempt to challenge the outcome of his high-profile fraud trial, which resulted in a 25-year prison sentence.
According to reports from decrypt.co, the court denied the bid, effectively upholding the previous verdict against the former cryptocurrency mogul.
Bankman-Fried's legal team had argued that various errors occurred during the original proceedings, claiming they interfered with his right to a fair trial.
Legal Dead End
The judge's decision halts the immediate effort to relitigate the collapse of the FTX exchange and the subsequent criminal charges.
While the defense sought to present new evidence and challenge witness testimony, the court found no sufficient grounds to grant the request for a retrial.
This decision leaves the current sentence intact as the legal process moves toward the appeals stage.
