FTX Crypto News Today: Sam Bankman-Fried Withdraws New Trial Bid, Keeps Appeal in Focus
Sam Bankman-Fried has dropped his bid for a new trial tied to FTX’s 2022 collapse, shifting attention back to his appeal of both the conviction and his 25-year prison term, a Manhattan federal court filing shows. In a note to the judge, the former FTX co-founder clarified that his law professor parents offered suggestions on the legal papers but weren’t the ones who wrote them. The filing trims away one of the remaining disputes in a case that’s stood as a touchstone for U.S. prosecutors going after crypto fraud. Meanwhile, the FTX estate continues to repay customers and other creditors, turning the story’s focus from crisis response to legal appeals and payouts.