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The man once known as the Crypto King wants another day in court.

From American Public Media, this is Marketplace Tech.

I'm Novosafo.

Sam Bankman-Fried, founder and former CEO of Cryptocurrency Exchange, F-TX, is serving 25 years in federal prison for fraud.

His company collapsed and went bankrupt in 2022.

Investigators found that billions of dollars in customer funds had been borrowed without permission to help shore up Bankmanfried's other firm

Alameda research. But throughout the last three years, Bankman Fried has maintained his innocence,

and he's filed an appeal, a hearing is scheduled tomorrow. Jonathan Jones, a reporter for the

investigative podcast, Reveal, spent hours talking to the former CEO, FTX Insiders,

and Customers.

The crux of his appeal is essentially he didn't get a fair trial because he wasn't able

to present evidence which would have helped him.

One of his things is that he had a lot of the stuff that he was doing at FTCS was run by lawyers,

and he took the advice of lawyers.

He wasn't able to present that.

This case rests in part on the idea that $8 billion was missing and gone, you know,

and Sam would argue, no, the company was solvent, it had enough cash, it was just a cash flow

problem, and that customers could have been repaid and ultimately were repaid. And he wasn't able to introduce any of that evidence, which he says would have spoken to his state of mind and whether there was an intent to defraud people.

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