A U.S. federal judge has rejected a request for a new trial for former Sam Bankman-Fried, the founder and former CEO of collapsed crypto exchange FTX.
The ruling reinforces the court’s earlier decision that the trial was fair and supported by sufficient evidence.
Bankman-Fried was convicted on multiple fraud and conspiracy charges linked to the misuse of customer funds.
His legal team had argued that key evidence and testimony were unfairly presented to the jury.
However, the judge dismissed these claims, stating that the trial process did not violate legal standards.
The case is widely regarded as one of the biggest financial fraud trials in cryptocurrency history.
FTX’s collapse in 2022 triggered massive losses across the crypto market and shook investor confidence.
Bankman-Fried is currently serving a lengthy prison sentence while pursuing further legal appeals.
The decision marks another setback in his efforts to overturn the conviction.