Sam Bankman-Fried to Appeal Conviction, Seeks New Judge for Retrial as Defense Argues No Fraud Intent and FTX Has Sufficient Assets to Repay Users

Bloomberg reports that Samuel Bankman‑Fried’s defense has signaled an appeal to the appellate court, seeking a new judge for a potential retrial. The filing contends that media coverage, prosecutorial action, and the presiding judge rushed to judgment, potentially affecting the case outcome.

The defense maintains no intent to defraud customers, arguing that SBF believed user funds would be repaid, and contends that Judge Kaplan blocked the jury from hearing that FTX has sufficient assets to repay exchange users, a fact the defense has emphasized during proceedings.

Separately, sources indicate SBF’s parents have sought a presidential pardon from President Donald Trump, as reported earlier this year.