Sam Bankman-Fried, the former CEO of FTX, has temporarily withdrawn his motion seeking a new trial in his ongoing legal case. His legal team indicated concerns that he may not receive a “fair hearing” from Judge Lewis Kaplan, prompting the decision to step back from the request for now.
The motion was part of his post-conviction strategy following his fraud conviction linked to the collapse of FTX. However, instead of pushing forward immediately, the defense has paused this move, suggesting it could be revisited later depending on developments in his appeal process.
Despite this withdrawal, the legal battle is far from over. SBF is still actively pursuing appeals to challenge his conviction, while prosecutors continue to defend the fairness and strength of the original trial.
The case remains one of the most closely watched in the crypto industry, reflecting ongoing legal scrutiny around one of the largest financial collapses in the digital asset space.
