Sam Bankman-Fried Seeks New FTX Trial
Analysis based on 12 articles · First reported Feb 10, 2026 · Last updated Feb 10, 2026
The cryptocurrency market continues to be affected by the fallout from FTX's collapse, with Sam Bankman-Fried's ongoing legal challenges serving as a reminder of past fraud. While this specific request for a new trial is a long shot, it keeps the case active and maintains a degree of uncertainty around the finality of the legal proceedings, which could have minor sentiment impacts on the broader crypto industry.
Sam Bankman-Fried, the co-founder and former CEO of the cryptocurrency exchange FTX, has filed a request for a new trial. This motion, separate from his formal appeal, argues that new witness testimony from former FTX executives Daniel Chapsky and Ryan Salame could refute the prosecution's case that led to his 2023 conviction on seven counts of fraud, conspiracy, and money laundering. Sam Bankman-Fried is currently serving a 25-year prison sentence and was ordered to forfeit $11 billion. His mother, Barbara Fried, filed the motion on his behalf. Sam Bankman-Fried also requested a different judge review the motion, claiming trial judge Lewis Kaplan showed 'manifest prejudice'. The FTX bankruptcy estate continues to work on returning funds to affected customers.
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