Sam Bankman-Fried Shouldn’t Get New Trial, Prosecutors Argue

March 12, 2026, 4:08 AM UTC

Prosecutors say FTX co-founder Sam Bankman-Fried’s request for a new trial should be rejected because he has failed to show how his conviction was unfair.

Bankman-Fried is serving a 25-year prison sentence after a jury found him guilty in 2023 of fraud and conspiracy in the collapse of the FTX cryptocurrency exchange.

Read More: Sam Bankman-Fried Asks for New Trial on FTX Fraud Charges

Sam Bankman-Fried in 2023.
Photographer: Victor J. Blue/Bloomberg

In a self-penned court filing in February, Bankman-Fried said new witnesses could refute the prosecution’s case that he defrauded FTX’s customers. He claimed that two former FTX executives who didn’t testify at trial, Daniel ...

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