About 10 months after Sam Bankman-Fried's conviction on 7 counts of fraud and conspiracy related to FTX's collapse, his new legal team has filed an appeal to the Second Circuit Court of Appeals, arguing that SBF was "unfairly treated at trial" and deserves another hearing. The 102-page document alleges that SBF was "presumed guilty" by prosecutors, the judge, and the "prevailing narrative" of FTX's downfall.

Lawyers Skeptical of SBF's Chances

Lawyers contacted by CoinDesk expressed skepticism that SBF would succeed in securing a retrial, noting the high bar for such legal turnovers. "It's just not very common for an appellate court to double-guess a case like this," said one legal expert.

Crypto Industry Moves On from FTX Saga

In the 10 months since SBF's conviction, the crypto industry has largely moved on. Markets have recovered, VC investment has returned, and politicians are once again supporting the industry. The mainstream media has also largely forgotten about the "fallen crypto king," leaving the question of whether a new trial could change the public's perception of SBF's case.

Source: https://www.coindesk.com/business/2024/09/19/does-sbfs-appeal-stand-a-chance-of-succeeding/

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