Court sets deadline for US to address Bankman-Fried‘s new trial motion

CoinTelegraph

by Turner Wright

February 26, 2026

AI-Generated Deep Dive Summary

The former FTX CEO, Sam “SBF” Bankman-Fried, has filed a motion requesting a new trial, claiming that newly surfaced witness testimony could strengthen his case. The US government’s legal team now has until March 11 to respond to this motion in the US District Court for the Southern District of New York. This development comes amid reports that the White House is not considering a presidential pardon for SBF, leaving the court proceedings as his next hope for exoneration. Bankman-Fried was convicted in 2023 on seven felony charges, including wire fraud and conspiracy to commit theft, and later sentenced to 25 years in prison. His legal team argues that the new evidence could significantly alter the outcome of his trial. The former crypto icon, once seen as a leading figure in the blockchain industry, has been at the center of one of the most high-profile collapses in the history of cryptocurrency. After stepping down as CEO of FTX in November 2022 amid financial irregularities and user fund misuse allegations, SBF faced criminal charges in the US. This case holds significant importance for readers interested in the crypto industry. The outcome could set a precedent for how legal systems handle cases involving cryptocurrency exchanges and their executives. As the trial unfolds, it will likely shed light on issues of transparency, accountability, and regulatory oversight within the blockchain space. Given SBF’s former stature and the far-reaching impact of FTX’s collapse, this case continues to be a focal point for both crypto enthusiasts and critics alike.

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Originally published on CoinTelegraph on 2/26/2026