Source: Cointelegraph
Sam Bankman-Fried’s New Motion for New Trial in Manhattan Court
Former FTX CEO Sam Bankman-Fried has filed a new motion for a new trial in Manhattan federal court to overturn his 25-year prison sentence for fraud charges. In the petition filed on February 5 by his mother, retired Stanford law professor Barbara Fried, it is argued that statements from former FTX executives Daniel Chapsky and Ryan Salame, who were not available during the trial, could undermine the government’s narrative regarding FTX’s financial situation before its November 2022 collapse. Bankman-Fried also requested review by a different judge, claiming that Judge Lewis Kaplan acted with bias.
The Importance of Daniel Chapsky and Ryan Salame’s Statements
The petition is a separate appeal to Bankman-Fried’s 2023 conviction on seven counts, and new trial requests are rarely granted. The testimonies of Chapsky and Salame could provide evidence in favor of the defense by reinterpreting FTX’s financial structure. Although Ryan Salame, as a former senior FTX executive, has pleaded guilty to the charges, his new statements could alter the causes of the collapse. This move is part of SBF’s long-term legal battle.
The Impact of FTX Collapse on the Crypto Sector and FTT Technical Analysis
FTX’s collapse had deeply affected the crypto sector. Today, according to FTT detailed analysis data, the price is at the $0.37 level, with a 24-hour change of +19%. RSI at 46.01 is neutral, but the overall trend is downward and Supertrend is giving a bearish signal. EMA 20: $0.3752. Supports: S1 $0.3693 (strong, 70% score), S2 $0.3357. Resistances: R1 $0.4127 (62% score), R2 $0.3751. Investors should monitor these levels for FTT futures.
Ongoing Payments to Creditors from FTX Bankruptcy Estate
On the other hand, the FTX bankruptcy estate has returned billions of dollars to creditors in 2025 through remaining assets managed by court officials, and additional payments continue. These developments show that the FTX legacy is partially compensated.
Source: https://en.coinotag.com/sbf-requests-new-trial-to-overturn-25-year-prison-sentence
