Sam Bankman-Fried, the incarcerated former CEO of the now-defunct cryptocurrency exchange FTX, has reportedly filed a motion for a new trial in the Southern District of New York.

Citing Rule 33 of the Federal Rules of Criminal Procedure and the Due ProcessClause of the U.S.

Constitution, the filing—reported by Inner City Press—includes a declaration from Attorney Daniel Chapsky.

The motion comes as Bankman-Fried continues to challenge the circumstances surrounding FTX’s dramatic bankruptcy and his subsequent conviction.

In recent statements on X (formerly Twitter), Bankman-Fried contested the legitimacy of FTX’s Chapter 11 filing, claiming he never approved it and that legal counsel coerced the company into bankruptcy.

He asserted that he had instructed FTX.US, the U.S. arm of the exchange, not to be included in the proceedings, as its tech team confirmed it was unaffected by customer deficits.

Bankman-Fried maintained that “The money was always there, and FTX was always solvent,” alleging that he was wrongly accused of stealing billions and bankrupting the exchange.

He also accused attorneys of including FTX.US to cover their legal fees and installing their own management to take control. Bankman-Fried framed these events as part of a “political war” involving Former President Joe Biden.

Bankman-Fried’s motion argues that prosecutors deliberately withheld evidence that could have demonstrated FTX’s solvency. He also claims that his original trial excluded critical information which could have negated the intent element of the charges.

Additionally, he accused prosecutors of targeting former FTX executive Ryan Salame and pressuring Salame’s pregnant fiancée to secure a guilty plea.

Bankman-Fried describes his 25-year prison sentence—for seven counts of fraud and conspiracy related to the exchange’s $8 billion collapse—as politically motivated “lawfare.”

The collapse of FTX in late 2022 marked one of the most significant failures in cryptocurrency history.

Once valued at $32 billion, the exchange filed for bankruptcy after a severe liquidity crisis.

Investigations revealed that customer funds were allegedly misused to support high-risk trading at Bankman-Fried’s hedge fund, Alameda Research.

The alleged mismanagement also included unreported loans to affiliated entities, weak internal controls, and questionable accounting practices.

The fallout erased billions in customer assets and shook investor confidence worldwide.

Regulators, including the SEC and CFTC, launched extensive probes into potential fraud and securities violations.

Bankman-Fried resigned as CEO amid the crisis and is now serving his lengthy prison sentence. In a recent statement, former President Donald Trump indicated he has no intention of pardoning Bankman-Fried.