Sam Bankman-Fried Drops Retrial Bid, Citing Fairness Concerns
Sam Bankman-Fried, the founder of defunct cryptocurrency exchange FTX, has formally withdrawn his request for a retrial, citing concerns that he would not receive a fair hearing. In a letter to the presiding judge, Bankman-Fried, who is currently serving a 25-year prison sentence for fraud and conspiracy related to FTX's collapse, indicated that he may renew his motion after the outcome of his ap…
April 23, 2026, 11:26 a.m.