US prosecutors have urged a federal judge to reject Sam Bankman-Fried’s request for a new criminal trial, arguing the former FTX chief failed to meet the legal standard required for a retrial.
According to court filings cited by Bloomberg, prosecutors said testimony from former FTX executives Ryan Salame and Daniel Chapsky does not qualify as newly discovered evidence.
Prosecutors argued that both individuals were known to Bankman-Fried’s defense team before the 2023 trial, meaning their potential testimony cannot justify reopening the case.
Bankman-Fried filed the retrial motion in February, claiming testimony from former executives could challenge the government’s narrative about FTX’s financial condition before its collapse.
A jury convicted Bankman-Fried in November 2023 on seven counts of fraud and conspiracy tied to the misuse of customer funds at FTX and its trading affiliate Alameda Research.
The former crypto executive was later sentenced to 25 years in prison and is separately pursuing an appeal in the US Court of Appeals for the Second Circuit.
Speculation has also circulated about a possible presidential pardon, though US President Donald Trump reportedly said he has no intention of granting one.