Prosecutors move to block Sam Bankman-Fried’s request for retrial

U.S. prosecutors have filed a response opposing Sam Bankman-Fried’s motion for a retrial, asserting that the convicted FTX founder has not provided any valid new evidence to support his claim. Bankman-Fried’s motion, submitted through his mother, sought to re-litigate his fraud and conspiracy conviction by suggesting that the testimony of former FTX executives Daniel Chapsky and Ryan Salame could have altered the trial’s outcome. Prosecutors countered that these witnesses were known to the defense beforehand and their potential testimony wouldn't qualify as newly discovered evidence. They also dismissed Bankman-Fried’s claims that FTX was solvent, highlighting the significant discrepancy between customer holdings and available cryptocurrency. Furthermore, the prosecution refuted his allegations of political persecution, pointing to his substantial Democratic donations and related campaign finance violations. Despite seeking a pardon from President Trump, who has recently granted clemency to other crypto figures, Trump has stated he has no plans to pardon Bankman-Fried.

(Source：The Block)