Tom Hayes, who was acquitted of manipulating Libor, claims that the other seven convicted traders should also be exonerated.

According to reports, on July 24th, Tom Hayes, a former trader at UBS Group, who had previously been acquitted by a British judge of manipulating the London Interbank Offered Rate (Libor), stated that other traders convicted of manipulating benchmark interest rates should also have their cases overturned. "The other seven convictions should all be overturned," Hayes said. "This is a battle in a war, and we have won the first battle."