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Sam Bankman-Fried wants a new trial. The former FTX CEO is serving 25 years for fraud. He&#x27;s pushing for another shot in <a href="https://www.bloomberg.com/news/articles/2026-02-10/sam-bankman-fried-asks-for-new-trial-over-ftx-fraud-charges" target="_blank" rel="noopener">Manhattan federal court</a>.
His legal team filed a motion in federal court. The argument? New testimony from former FTX executives could challenge prosecutors&#x27; claims. Specifically, claims about the exchange&#x27;s financial condition before its November 2022 collapse.
The filing cites <a href="https://www.thecoinzone.com/news/caroline-ellison-ftx-case-release-cooperation/" data-wpil-monitor-id="1760">testimony from Daniel Chapsky and Ryan Salame</a>. Both are former FTX executives. Neither testified during Bankman-Fried&#x27;s 2023 trial. Salame&#x27;s since pleaded guilty to campaign finance and fraud-related charges. He&#x27;s serving seven and a half years. His guilty plea might add credibility to his testimony about FTX&#x27;s operations.
Barbara Fried submitted the motion. She&#x27;s Bankman-Fried&#x27;s mother. She&#x27;s also a retired Stanford law professor. The motion requests a different judge review the case. It alleges trial judge Lewis Kaplan showed &quot;manifest prejudice.&quot; It claims he improperly limited the defense. Kaplan barred arguments that FTX had sufficient assets to repay customers at the time of collapse.
Bloomberg and other observers call the motion a long shot. But it keeps legal challenges alive alongside Bankman-Fried&#x27;s formal appeal. Motions for new trials face strict legal standards. They rarely succeed in federal court.
Bankman-Fried was convicted in 2023 on seven criminal counts. He misused customer funds at FTX and Alameda Research. He founded the trading firm too. He&#x27;s maintained his innocence despite the conviction. The case became a landmark in the crypto industry.
The motion shows a multi-pronged effort to overturn the conviction. That conviction has shaped regulatory and public perceptions of cryptocurrency businesses. Bankman-Fried continues his legal challenges. Meanwhile, the FTX bankruptcy estate&#x27;s been making progress on creditor repayments. The estate returned billions to creditors in 2025. More repayments are expected as asset recoveries continue.
The case&#x27;s outcome could influence future expectations. Executive liability. Investor protection in crypto cases. How courts treat claims of &quot;new evidence&quot; in <a href="https://www.thecoinzone.com/defi/what-is-rehypothecation-understanding-a-complex-financial-term/" data-wpil-monitor-id="207">complex financial</a> fraud prosecutions. All on the table.

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FTX founder Sam Bankman-Fried files motion for new trial citing new executive testimony. The former CEO is serving 25 years for fraud.