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U.S. District Judge Lewis Kaplan has denied Sam Bankman-Fried’s request for a new trial, calling the claims and newly presented evidence baseless. SBF argued the material proved FTX was solvent, but the court questioned both the credibility and relevance of the evidence. The decision matters because it strengthens the prosecution’s case and keeps SBF’s conviction firmly in place as the crypto industry continues recovering from the FTX collapse. Next, attention turns to the pending appeal, which could determine whether SBF has any remaining legal path to challenge the verdict.
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