Amid reports that the White House will not consider a presidential pardon, the convicted former FTX CEO continues his efforts in court.
Lawyers representing the US government in the case against Sam “SBF” Bankman-Fried have two weeks to respond to the former FTX CEO’s motion for a new criminal trial.
In a Wednesday filing in the US District Court for the Southern District of New York, Judge Lewis Kaplan said that the US government shall respond by March 11 to SBF’s motion for a new trial. The former FTX CEO, who was convicted of seven felony counts in 2023 and later sentenced to 25 years in prison, requested a new trial earlier this month, claiming that new witness testimony could help bolster his case.
Bankman-Fried, once revered by many as one of the most prominent faces representing the crypto and blockchain industry, was at the center of the controversy around the collapse of FTX. He stepped down as CEO in November 2022, later facing criminal charges in the US for the misuse of user funds.
