Overview
- Prosecutors filed their opposition on March 12, urging the Southern District of New York to reject the retrial motion submitted in February.
- They argue testimony from former FTX executives Ryan Salame and Daniel Chapsky was known to the defense before the 2023 trial and does not qualify as newly discovered evidence.
- The government says the trial record already showed extensive misappropriation of billions in customer funds through FTX and Alameda Research.
- Bankman-Fried’s motion claims some prior testimony was misleading and that new accounts would frame FTX’s collapse as a liquidity crunch rather than insolvency.
- Judge Lewis Kaplan has not ruled on the request, and Bankman-Fried remains in federal prison serving a 25-year sentence as appeals proceed.