SBF Claims Biden Targeted Him, Demands New FTX Trial

"Sam Bankman-Fried, the imprisoned former CEO of FTX, reportedly filed a motion for a new trial in the Southern District of New York today, citing Rule 33 of the Federal Rules of Criminal Procedure and the Due Process Clause of the U.S. Constitution. The filing, reported by the Inner City Press, was supported by a declaration from attorney Daniel Chapsky, comes as SBF continues to dispute the circumstances surrounding FTX's bankruptcy and his conviction."

"According to a court filing from January 2023, SBF instructed FTX.US not to be included in the bankruptcy because the tech team confirmed it was unaffected by customer deficits. "The money was always there, and FTX was always solvent," he wrote in the thread. "So they lied, said I stole billions of dollars and bankrupted FTX." Attorneys, however, insisted on including FTX.US because it had cash to cover legal fees, and installed their own management to control the companies, SBF claims."

"SBF has repeatedly alleged that prosecutors withheld evidence demonstrating FTX's solvency, and that the trial excluded critical information that could have negated intent. He also accused prosecutors of targeting former FTX executive Ryan Salame and exerting pressure on Salame's pregnant fiancée to secure a guilty plea. Currently serving a 25-year sentence for seven counts of fraud and conspiracy tied to the exchange's $8 billion collapse, SBF frames his conviction as politically motivated "lawfare.""

Sam Bankman-Fried filed a motion for a new trial in the Southern District of New York under Rule 33 and the Due Process Clause of the U.S. Constitution. The filing was supported by a declaration from attorney Daniel Chapsky. SBF asserts he never approved the bankruptcy filing and claims lawyers forced FTX into Chapter 11 despite FTX.US being solvent. He posted that the tech team confirmed FTX.US was unaffected by customer deficits and that "the money was always there." SBF alleges prosecutors withheld evidence of solvency, excluded exculpatory information, pressured witnesses, and framed his conviction as politically motivated "lawfare." He is serving a 25-year sentence for fraud and conspiracy.

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