Former FTX CEO Sam Bankman-Fried Files for Retrial, Claims 'No Bankruptcy'

On October 10, Sam Bankman-Fried, former CEO of the collapsed cryptocurrency exchange FTX, contested the district court's 25-year prison sentence and filed for a retrial, introducing new testimony that FTX was financially capable of meeting its obligations.

Bankman-Fried argued that the decision by Judge Lewis Kaplan was influenced by 'government coercion of witnesses' among other factors. He stated, 'New evidence indicates that under the Biden administration, the Department of Justice coerced and silenced multiple witnesses, altering their testimonies. My conviction should be overturned.'

Furthermore, he argued that rushing the judgment...