FTX founder Sam Bankman-Fried (SBF) has intensified efforts to overturn his fraud conviction by responding to the US government’s dismissal of his appeal.

His legal team argues that the trial was flawed due to suppressed evidence, and he deserves another chance under a different judge.

Sam Bankman-Fried Argues FTX Customers Lost Nothing

In a January 31 court filing, Bankman-Fried insisted that his trial was unfair, claiming judicial bias influenced the outcome.

SBF lawyers assert in the filing that FTX customers did not experience financial losses. They emphasize that creditors will recover more than their initial losses, pointing to FTX’s investments in firms like Anthropic, Solana, and Mysten Labs.

His appeal highlighted how an early investment in Anthropic is helping FTX creditors recover funds. Bankman-Fried bought a substantial stake in the AI company for approximately $500 million.

Since then, the company’s value has grown to $60 billion, significantly increasing the value of his investment. His defense presented this as proof of his sound financial decisions, asserting that the investments could have eventually restored FTX’s solvency.

“Consider Anthropic. Bankman-Fried invested early in Anthropic—purchasing a substantial share for approximately $500 million. The company is now worth $60 billion, earning a return multiples over. His investment was brilliant,” his lawyers stated.

Another key aspect of his appeal is the claim that the court suppressed crucial evidence. He contends th

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Author: Oluwapelumi Adejumo