FTX Founder Sam Bankman‑Fried Pushes For New Trial In New York

bitcoinistPublicado em 2026-02-10Última atualização em 2026-02-10

Resumo

Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has filed a pro se motion in a New York federal court requesting a new trial. He argues that new witness testimony could undermine the prosecution's case and challenge key aspects of the narrative that led to his conviction. Bankman-Fried, who is currently serving a 25-year prison sentence for fraud and other charges, continues to dispute the legitimacy of FTX's bankruptcy. He claims the company was not insolvent and alleges that lawyers initiated bankruptcy proceedings for their own financial benefit without his authorization. This motion is a separate attempt to reopen the case alongside his ongoing appeal.

Sam Bankman‐Fried, the co-founder and former chief executive of collapsed cryptocurrency exchange FTX, has filed a request for a new trial in New York on Tuesday, arguing that fresh witness testimony could undermine the government’s case against him.

Bid To Revive FTX Trial

As reported by Bloomberg, the motion, dated February 5 and entered into the docket on Tuesday in Manhattan federal court, was submitted pro se, meaning Bankman‐Fried is acting on his own behalf rather than through legal counsel.

In the filing, Bankman‐Fried contends that testimony from new witnesses could challenge key aspects of the prosecution’s narrative and potentially cast doubt on the verdict. He argues that this evidence was not previously presented and could materially affect the outcome of the case.

The motion does not replace his ongoing appeal but represents an additional attempt to reopen the proceedings. The request follows comments Bankman‐Fried made earlier on Tuesday on social media in which he again disputed the legitimacy of FTX’s bankruptcy.

Bankman‐Fried Denies Insolvency Issues

From prison, he has increasingly advanced the argument that the company’s collapse was driven by legal and financial maneuvering rather than criminal wrongdoing.

He claimed that FTX was not insolvent and said he never authorized a bankruptcy filing, alleging instead that lawyers assumed control of the company and quickly initiated bankruptcy proceedings for their own financial benefit.

Bankman‐Fried was convicted on all seven counts he faced, including fraud, conspiracy, and money laundering, in the case United States v. Bankman‐Fried.

On March 28, 2024, the court sentenced him to 25 years in federal prison and ordered him to forfeit approximately $11 billion, reflecting the scale of losses tied to the collapse of FTX.

The 1-D chart shows the exchange’s native token, FTT, trending upwards on Tuesday. Source: FTTUSDT on TradingView.com

Featured image from OpenArt, chart from TradingView.com

Perguntas relacionadas

QWhat is Sam Bankman-Fried requesting in the New York court, and on what grounds?

ASam Bankman-Fried is requesting a new trial, arguing that fresh witness testimony could undermine the government's case against him and challenge key aspects of the prosecution's narrative.

QHow was the motion for a new trial filed, and what does this indicate about Bankman-Fried's legal representation?

AThe motion was filed pro se, meaning Bankman-Fried submitted it on his own behalf without the use of his legal counsel.

QWhat argument has Bankman-Fried been making from prison regarding the collapse of FTX?

AHe has argued that FTX's collapse was driven by legal and financial maneuvering rather than criminal wrongdoing, claiming the company was not insolvent and that lawyers initiated bankruptcy for their own financial benefit.

QWhat was the final outcome of the United States v. Bankman-Fried case?

AHe was convicted on all seven counts, including fraud and money laundering, and was sentenced to 25 years in federal prison and ordered to forfeit approximately $11 billion.

QWhat does the article mention about the FTX token (FT) on the day the motion was filed?

AThe article includes a chart showing the FTX token, FTT, trending upwards on that Tuesday.

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