While serving his 25-year prison sentence, "convicted former cryptocurrency mogul Sam Bankman-Fried on Tuesday requested a new federal trial," reports Courthouse News, "based on what he says is newly discovered evidence concerning his company's solvency and its ability to repay all FTX customers for what prosecutors portrayed as the looting of $8 billion of his customers' money..."

Bankman-Fried says evidence disclosed since his trial disproves prosecutors' case about Bankman-Fried's hedge fund running a multi-billion deficit of FTX customer funds, and instead shows that FTX always had sufficient assets to repay the cryptocurrency platform's customer deposits in full. "What it faced was a...