{"id":50042,"date":"2026-02-15T22:22:59","date_gmt":"2026-02-15T22:22:59","guid":{"rendered":"https:\/\/eduzim.co.zw\/news\/?p=50042"},"modified":"2026-02-15T22:22:59","modified_gmt":"2026-02-15T22:22:59","slug":"sam-bankman-fried-requests-new-trial-in-ftx-crypto-fraud-caseutm_sourcerss1-0mainlinkanonutm_mediumfeed","status":"publish","type":"post","link":"https:\/\/eduzim.co.zw\/news\/2026\/02\/15\/sam-bankman-fried-requests-new-trial-in-ftx-crypto-fraud-caseutm_sourcerss1-0mainlinkanonutm_mediumfeed\/","title":{"rendered":"Sam Bankman-Fried Requests New Trial in FTX Crypto Fraud Case"},"content":{"rendered":"<p> <script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"fhbody-180798588\">\n<div id=\"text-180798588\" class=\"p\">\n<p>\t\t\t\tWhile serving his 25-year prison sentence, &#8220;convicted former cryptocurrency mogul Sam Bankman-Fried on Tuesday requested a new federal trial,&#8221; reports <em>Courthouse News<\/em>, &#8220;based on what he says is newly discovered evidence concerning his company&#8217;s solvency and its ability to repay all FTX customers for what prosecutors portrayed as the looting of $8 billion of his customers&#8217; money&#8230;&#8221;<\/p>\n<p><i><\/p>\n<p>Bankman-Fried says evidence disclosed since his trial disproves prosecutors&#8217; case about Bankman-Fried&#8217;s hedge fund running a multi-billion deficit of FTX customer funds, and instead shows that FTX always had sufficient assets to repay the cryptocurrency platform&#8217;s customer deposits in full.  &#8220;What it faced was a short-term liquidity crisis caused by a run on the exchange, not insolvency,&#8221; he wrote&#8230;<\/i><\/p>\n<p>Bankman-Fried also accuses the Department of Justice of coercing a guilty plea and cooperation deal from Nishad Singh \u2014 a close friend of Bankman-Fried&#8217;s younger brother \u2014 who testified at trial as a cooperating witness&#8230;   Bankman-Fried says in the motion that prior to being pressured into a guilty plea, Singh&#8217;s initial proffer to investigators &#8220;contradicted key parts of the government&#8217;s version of events. But following threats from the government, Mr. Singh changed his proffers to fit the government&#8217;s narrative and pleaded guilty to charges carrying up to 75 years in prison, with a promise from the prosecution that it would recommend little or no jail time if it concluded that his assistance in prosecuting Mr. Bankman-Fried was &#8216;substantial,'&#8221; he wrote in the petition&#8230;<\/p>\n<p>Additionally, Bankman-Fried requested that U.S. District Judge Lewis Kaplan, who presided over his 2023 trial, recuse himself from ruling on this motion, &#8220;because of the manifest prejudice he has demonstrated towards Mr. Bankman-Fried.&#8221;  <br \/>&#8220;Bankman-Fried&#8217;s mother, Stanford Law School professor Barbara Fried, filed his self-represented bid for a new trial on his behalf in Manhattan federal court&#8230;&#8221;<\/p>\n<\/div><\/div>\n<p><script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n#Sam #BankmanFried #Requests #Trial #FTX #Crypto #Fraud #Case<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While serving his 25-year prison sentence, &#8220;convicted former cryptocurrency mogul Sam Bankman-Fried on Tuesday requested a new federal trial,&#8221; reports&hellip;<\/p>\n","protected":false},"author":1,"featured_media":30773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-50042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mzansi"],"_links":{"self":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/50042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/comments?post=50042"}],"version-history":[{"count":1,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/50042\/revisions"}],"predecessor-version":[{"id":50043,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/50042\/revisions\/50043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media\/30773"}],"wp:attachment":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media?parent=50042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/categories?post=50042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/tags?post=50042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}