US Prosecutors Oppose Sam Bankman-Fried’s New Trial Bid: Report

US prosecutors urged a federal judge to reject Sam Bankman-Fried’s request for a new criminal trial, arguing the former FTX chief failed to meet the legal standard for a retrial. They said testimony from former FTX executives Ryan Salame and Daniel Chapsky did not amount to newly discovered evidence because both men were known to the defense before the 2023 trial.

Bankman-Fried filed the motion in February, contending that that testimony could challenge the prosecution’s account of FTX’s financial condition before its collapse. Judge Kaplan ordered prosecutors to respond by March 11 and has not yet ruled on whether the motion will proceed.

Bankman-Fried is also appealing his conviction to the US Court of Appeals for the Second Circuit. A jury convicted him in November 2023 on seven counts of fraud and conspiracy tied to the misuse of customer funds at FTX and Alameda Research; he was sentenced to 25 years.

United States

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