FTX Crypto News Today: Sam Bankman-Fried Withdraws New Trial Bid, Keeps Appeal in Focus
Sam Bankman-Fried has dropped his request for a new trial over the FTX collapse, shifting attention to his appeal of a 25-year prison sentence, according to a Manhattan federal court filing. He told the judge his parents only suggested edits to his legal papers. A jury convicted him in November 2023 of stealing $8 billion from FTX customers. FTX continues to distribute recovered funds to creditors.