The U.S. court plans to hold a hearing on the SBF retrial motion on November 4

According to CoinDesk, the U.S. Court of Appeals for the Second Circuit will hear arguments next week regarding FTX founder SBF's motion for a rehearing. He was previously convicted on seven different counts of conspiracy and fraud and sentenced to 25 years in prison, with the jury unanimously finding him guilty two years and two days ago.

The hearing on November 4 will give the Southern District of New York prosecutors (currently led by former SEC Chairman Jay Clayton) and SBF's new defense team (led by veteran white-collar crime appellate attorney Alexandra Shapiro) 10 minutes each to present their arguments. During the hearing, judges may ask questions to clarify details; however, the hearing will not re-examine the charges themselves but will assess whether the trial was conducted properly.