Sam Bankman-Fried files for new trial over FTX fraud charges

Sam Bankman-Fried files for new trial over FTX fraud charges

Source: CoinDesk

Published:20:12 UTC

BTC Price:$68769

#SBF #FTX #Crypto

Analysis

Price Impact

Low

The crypto market has largely priced in the ftx collapse and sam bankman-fried's conviction. a new trial request is a procedural legal step, not a new revelation of fraud, and is unlikely to significantly impact broader market sentiment.

Trustworthiness

Med

The news itself is factual, but predicting market impact always carries some degree of uncertainty. however, the market has shown resilience to sbf-related legal updates previously, making a low impact prediction reasonable.

Price Direction

Neutral

Given that sbf's legal saga is ongoing and largely anticipated, this request for a new trial does not introduce new fundamental information that would drive significant price movement in either direction.

Time Effect

Short

Any minimal market reaction to this news would be short-lived, as the market quickly digests and moves past procedural legal updates without new impactful information.

Original Article:

Article Content:

Policy Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Sam Bankman-Fried files for new trial over FTX fraud charges The incarcerated former leader of the failed crypto exchange wants a new chance to defend against fraud charges. By Jesse Hamilton | Edited by Stephen Alpher Feb 10, 2026, 8:12 p.m. Make us preferred on Google Sam Bankman-Fried is asking for another trial. (Jesse Hamilton/CoinDesk) What to know : Sam Bankman-Fried's mom filed the ex-CEO's latest request to clear his name in court, with the former leader of global crypto exchange FTX seeking another U.S. trial. He's representing himself at this point, according to the 35-page "pro se" filing. SBF will have to demonstrate he has compelling new evidence to warrant another trial. Sam Bankman-Fried, the former CEO of collapsed crypto exchange FTX, is seeking a new trial, according to a request filed in a New York federal court by his mother. STORY CONTINUES BELOW Don't miss another story. Subscribe to the State of Crypto Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . Since being convicted and imprisoned on a 25-year sentence, SBF has been continually challenging his situation in court. The latest motion for a new trial, first reported on Tuesday by Inner City Press , was filed by his mother, Barbara Fried, claiming new evidence in the case would justify a reset. The filing noted the initial absence of testimony from figures, including FTX's Ryan Salame, who fought his own, separate legal battle. The former FTX executive, Salame, was also convicted on federal charges but had claimed he made an arrangement to cooperate with prosecutors that should have protected his wife, Michelle Bond, from legal pursuit. She was later charged with allegedly taking illegal campaign contributions in her congressional bid. SBF's 35-page document arrived at the court as a pro se request , meaning the defendant is representing himself. Earlier efforts by SBF to argue he didn't get a fair initial trial — which came to a head in November — were met with some skepticism by appellate judges. SBF's defense in seeking a retrial through appeal focused attention on the later solvency of FTX, and his account on the social media site X continues to make the argument that the company wasn't bankrupt when it collapsed. However, judges contended in November that solvency didn't seem to be the primary issue. "Part of the government's theory of the case is that the defendant misrepresented to investors that their money was safe, was not being used in the way that it was the government claims and the jury convicted it was, in fact, used," said Circuit Judge Maria Araújo Kahn, referring to the misappropriation of customer money at the heart of his conviction. Shutting down another potential path to freedom, President Donald Trump recently said he wouldn't consider clemency for SBF. However, the former FTX CEO is still campaigning for himself via his account on X , arguing he's a victim of former President Joe Biden's "lawfare machine." Sam Bankman-Fried Criminal trial SDNY FTX More For You Blockchain.com wins UK registration nearly four years after abandoning FCA process By Jamie Crawley | Edited by Stephen Alpher 6 hours ago The London-based company elected to withdraw its application for FCA licensing in March 2022 having not won approval ahead of an impending deadline. What to know : Blockchain.com has won regulatory approval in the U.K nearly four years after seemingly giving up. Blockchain.com was added to the Financial Conduct Authority's (FCA) registry of licensed crypto companies on Tuesday under its trading name "BC Operations." 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