PANews February 11 News, according to The Block, convicted and imprisoned former FTX CEO Sam Bankman-Fried (SBF) filed a motion on February 10 requesting the court to approve a new trial. The motion was submitted by his mother in the form of a “personal petition” to the United States District Court for the Southern District of New York, accompanied by SBF’s written statement.
In the document, he accused the U.S. Department of Justice of concealing evidence and requested that the original trial judge, Lewis Kaplan, recuse himself from the case. The motion states that SBF is charged based on false allegations of “stealing FTX customer assets and causing billions of dollars in losses,” and claims that several potential witnesses have refused to testify in his defense due to pressure from a “weaponized Department of Justice.” SBF reiterated in the filing that FTX “always had sufficient assets to fully repay customer deposits,” and that the crisis he faces is a short-term liquidity issue caused by a run, not insolvency.
The motion also cites potential testimony from Ryan Salame, co-CEO of FTX Digital Markets who did not appear in court, and former data science director Daniel Chapsky, stating that if they testified, they would refute multiple charges from the prosecution.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Backpack Clarifies: Polymarket User Attempting to Manipulate Coin Price Is Not a Backpack Team Insider
Backpack officially stated that a certain trader holds large open positions on Polymarket, believing that the BP token's FDV will exceed $200 million one day after TGE, and attempted to push the price above $0.2. After investigation, these traders are unrelated to Backpack, and the company maintains zero tolerance for insider trading.
BlockBeatNews50m ago
A certain CEX clarifies: Polymarket user attempting to manipulate BP coin price is not an insider
A certain CEX reported that traders hold large open positions on Polymarket, with expectations that BP's FDV will exceed $200 million after TGE, driving up BP's price. The CEX's investigation confirmed that these traders are unrelated to them, and they maintain a zero-tolerance stance toward insider trading.
GateNews58m ago
CLARITY Draft Limits Stablecoin Yields, CRCL Stock Plunges 20% in a Single Day
Circle (CRCL) stock price plummeted nearly 20% following the introduction of the CLARITY Act draft, which proposes restrictions on stablecoin passive yields. The legislation aims to prevent stablecoin issuers from offering interest similar to bank deposits, which could impact Circle's profit model and market competitiveness. Analysts point out that the current decline may represent market overreaction, as USDC circulation continues to grow and the legislation remains in the negotiation phase with uncertain outcomes.
MarketWhisper1h ago
ZachXBT: Circle Freezes USDC Balances in 16 Enterprise Hot Wallets Related to Undisclosed U.S. Civil Litigation Case
Circle recently froze USDC balances in 16 hot wallets belonging to multiple enterprises, an action related to a U.S. civil litigation case. The relevant wallets were used for large-scale user transactions. The freezing action has raised questions about Circle's review process and has impacted enterprise operations.
BlockBeatNews2h ago
Jump Trading Responds to Terraform Liquidation Trust's $4 Billion Lawsuit, Claims It Aims to Shift SEC Fine Liability
Jump Trading has responded to a lawsuit filed by Terraform Labs, calling it an attempt to shift responsibility for evading SEC penalties, and demanding dismissal of the related allegations. The lawsuit accuses Jump of market manipulation and fraud, seeking damages of $4 billion, but Jump contends that the lawsuit lacks merit and is time-barred.
GateNews2h ago
Application for Reconsideration Rejected! Prosecutors: SBF's letter was not sent from prison, and the signature also looks suspicious
FTX founder SBF seeks a retrial as prosecutors question the authenticity of a letter purportedly sent from his prison, citing discrepancies between the sender's address and prison regulations, along with multiple irregularities. The letter's content requesting an extension of the response deadline has intensified the controversy and complicated his retrial prospects. Meanwhile, SBF's family claims good progress in asset recovery, but this assertion faces skepticism from the market and regulatory authorities, adding to the case's complexity.
CryptoCity2h ago
