{"id":41588,"date":"2026-02-11T20:56:47","date_gmt":"2026-02-11T19:56:47","guid":{"rendered":"https:\/\/www.coinpro.ch\/uncategorized\/ftx-drama-continues-sbf-suddenly-fights-for-a-new-trial\/"},"modified":"2026-02-11T20:57:14","modified_gmt":"2026-02-11T19:57:14","slug":"ftx-drama-continues-sbf-suddenly-fights-for-a-new-trial","status":"publish","type":"post","link":"https:\/\/www.coinpro.ch\/en\/news-en\/ftx-drama-continues-sbf-suddenly-fights-for-a-new-trial\/","title":{"rendered":"FTX drama continues: SBF suddenly fights for a new trial"},"content":{"rendered":"<p>Just a few years ago, Sam Bankman-Fried (SBF) was seen as a wunderkind of the crypto scene. Today, the once-celebrated founder of the FTX trading platform is in prison\u2014sentenced to 25 years for fraud. But the case apparently isn\u2019t over yet. The 33-year-old is now trying to have the proceedings reopened. A new trial is meant to overturn his sentence\u2014or at least reduce it.<\/p>\n<div class=\"row row-collapse align-middle row-comparison\"  id=\"row-967784688\">\n\n\n\t<div id=\"col-1556199744\" class=\"col medium-3 small-6 large-3 small-col-first\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n  <div class=\"banner has-hover\" id=\"banner-1521730633\">\n          <div class=\"banner-inner fill\">\n        <div class=\"banner-bg fill\" >\n                                                \n                    <\/div>\n\t\t\n        <div class=\"banner-layers container\">\n            <div class=\"fill banner-link\"><\/div>            \n\n   <div id=\"text-box-1271842343\" class=\"text-box banner-layer text-box-circle x50 md-x50 lg-x50 y50 md-y50 lg-y50 res-text\">\n                                <div class=\"text-box-content text dark\">\n              \n              <div class=\"text-inner text-center\">\n                  \n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1112015848\">\n\t\t<a class=\"\" href=\"https:\/\/www.coinpro.ch\/Bitvavo-Aktion\" target=\"_blank\" rel=\"noopener\" >\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"340\" src=\"https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-1024x341.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-1024x341.png 1024w, https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-300x100.png 300w, https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-768x256.png 768w, https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-1536x512.png 1536w, https:\/\/www.coinpro.ch\/wp-content\/uploads\/2023\/12\/bitvavo-mark-and-logo-black-2048x683.png 2048w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\t\t\n<style>\n#image_1112015848 {\n  width: 100%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\t<div class=\"img has-hover x md-x lg-x y md-y lg-y\" id=\"image_1435971064\">\n\t\t<a class=\"\" href=\"https:\/\/www.coinpro.ch\/Bitvavo-Aktion\" target=\"_blank\" rel=\"noopener\" >\t\t\t\t\t\t<div class=\"img-inner dark\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/a>\t\t\n<style>\n#image_1435971064 {\n  width: 80%;\n}\n<\/style>\n\t<\/div>\n\t\n\n\n              <\/div>\n           <\/div>\n                            \n<style>\n#text-box-1271842343 .text-box-content {\n  background-color: rgb(255, 255, 255);\n  font-size: 100%;\n}\n#text-box-1271842343 {\n  width: 100%;\n}\n<\/style>\n    <\/div>\n \n\n        <\/div>\n      <\/div>\n\n            \n<style>\n#banner-1521730633 {\n  padding-top: 99.99%;\n  background-color: rgba(255, 255, 255, 0);\n}\n<\/style>\n  <\/div>\n\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1556199744 > .col-inner {\n  padding: 15px 15px 15px 15px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n\t<div id=\"col-1598931675\" class=\"col col-comparison-description medium-4 small-12 large-4\"  >\n\t\t\t\t<div class=\"col-inner text-left\"  >\n\t\t\t\n\t\t\t\n\n<p style=\"margin-bottom: 1em;\">Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible.  <strong>Limited time offer: \u20ac20 bonus when you sign up via CoinPro.ch<\/strong><\/p>\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-1598931675 > .col-inner {\n  padding: 15px 0px 0 15px;\n}\n@media (min-width:550px) {\n  #col-1598931675 > .col-inner {\n    padding: 15px 0px 15px 15px;\n  }\n}\n<\/style>\n\t<\/div>\n\n\t\n\n\t<div id=\"col-23433089\" class=\"col col-comparison-stars medium-2 small-6 large-2 small-col-first\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n<p><span style=\"font-size: 200%;\"><strong>98%<\/strong><\/span><\/p>\n\n\n<span class=\"fsrs\"><span class=\"fsrs-stars\"><i class=\"fsrs-fas fa-fw fa-star \"><\/i><i class=\"fsrs-fas fa-fw fa-star \"><\/i><i class=\"fsrs-fas fa-fw fa-star \"><\/i><i class=\"fsrs-fas fa-fw fa-star \"><\/i><i class=\"fsrs-fas fa-fw fa-star \"><\/i><\/span><span class=\"hide fsrs-text fsrs-text__hidden\" aria-hidden=\"false\">5.0 out of 5.0 stars<\/span><span class=\"lining fsrs-text fsrs-text__visible\">5.0<\/span><\/span>\n\n<p><a href=\"https:\/\/www.coinpro.ch\/en\/reviews-en\/bitvavo-experiences-2025-the-crypto-exchange-under-review\/\">Read review<\/a><\/p>\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-23433089 > .col-inner {\n  padding: 15px 15px 15px 15px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n\t<div id=\"col-928762518\" class=\"col medium-3 small-12 large-3\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\n<a href=\"https:\/\/www.coinpro.ch\/Bitvavo-Aktion\" target=\"_blank\" class=\"button primary box-shadow-2 expand no-margin\" rel=\"noopener\"  >\n\t\t<span>Sign up with a \u20ac20 bonus<\/span>\n\t<\/a>\n\n\n\n\t\t<\/div>\n\t\t\t\t\n<style>\n#col-928762518 > .col-inner {\n  padding: 15px 15px 15px 15px;\n}\n<\/style>\n\t<\/div>\n\n\t\n\n<\/div>\n<p>According to US media reports, the motion was filed through his mother, while SBF himself has so far been driving the push. Two former FTX executives who didn\u2019t testify in the original trial could now exonerate him, the argument goes. The defense reportedly hopes to plant fresh doubt on the central question: was it deliberate fraud, or the collapse of an overstretched company in a crisis?<\/p>\n<h2>FTX drama continues: SBF suddenly fights for a new trial<\/h2>\n<p>The collapse of FTX at the end of 2022 shook the crypto industry worldwide. The exchange was among the largest marketplaces for digital assets like Bitcoin. Within a few days, the company went from a multi-billion-dollar giant to a bankruptcy case. SBF was arrested in the Bahamas and later extradited to the US. For many investors, the collapse meant losing large parts of their assets.<\/p>\n<p>At the heart of the charges was a classic allegation: misappropriating customer funds. Alongside FTX, SBF also controlled the hedge fund Alameda Research. It made risky trades and used funds from FTX to do so. Collateral should have been posted. But according to the prosecution, the software contained a special rule that allowed Alameda to rack up virtually unlimited debt. When several bets failed, a multi-billion-dollar hole emerged.<\/p>\n<p>SBF rejects this portrayal. FTX wasn\u2019t insolvent, he says\u2014it was merely suffering from a liquidity crunch. His central claim is that the company could have paid out investors if it had been given more time. Even in the ongoing appeals process, his lawyers argue that crucial information was withheld from the jury.<\/p>\n<script type=\"text\/plain\" data-tcf=\"waiting-for-consent\" data-id=\"20572\" data-bid=\"1\" data-placement=\"33872\">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<\/script><h2>Will Bankman-Fried be pardoned by US President Trump?<\/h2>\n<p>The attempt to challenge the verdict feels like a last fight for his legacy. Because the case has long stood for more than just a failed entrepreneur. For many observers, it symbolizes the moment the crypto boom lost its innocence. SBF\u2019s rise and fall became a cautionary tale for an industry that for a long time grew faster than its control mechanisms. The case also drew extra attention after reports that those around the convicted man floated the idea of a pardon by US President Donald Trump.<\/p>\n<p><strong>Interesting:<\/strong> <a href=\"https:\/\/www.coinpro.ch\/en\/bitcoin-en\/bitcoin-crisis-why-it-spells-the-end-for-miners\/\">Bitcoin crisis: Why it means the end for miners<\/a><\/p>\n<p>However, Trump said in an interview with the New York Times that he was not planning such a pardon. Whether a new trial will actually happen remains unclear. The only sure thing is: the name SBF won\u2019t disappear from the headlines anytime soon. The crypto industry has evolved since the FTX debacle, but the legal fallout continues. And with every new motion, the memory returns of a crash that showed how thin the line between vision and loss of control can be. (mck)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just a few years ago, Sam Bankman-Fried (SBF) was seen as a wunderkind of the crypto scene. Today, the once-celebrated founder of the FTX trading platform is in prison\u2014sentenced to 25 years for fraud. But the case apparently isn\u2019t over yet. The 33-year-old is now trying to have the proceedings reopened. A new trial is&#8230;<\/p>\n","protected":false},"author":20,"featured_media":37697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17325],"tags":[17512,17695],"class_list":["post-41588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-ftx-en","tag-sbf-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FTX drama continues: SBF suddenly fights for a new trial - CoinPro.ch<\/title>\n<meta name=\"description\" content=\"The fallen FTX founder SBF wants to reopen his fraud trial. 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Die Begeisterung f\u00fcr das Metaverse und die damit verbundenen Nutzen f\u00fcr digitale W\u00e4hrungen haben ihn daher auch in die Welt der Krypto gef\u00fchrt.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/mcihadkoekten\\\/\",\"https:\\\/\\\/x.com\\\/mckoekten\"],\"url\":\"https:\\\/\\\/www.coinpro.ch\\\/en\\\/author\\\/ckoekten\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FTX drama continues: SBF suddenly fights for a new trial - CoinPro.ch","description":"The fallen FTX founder SBF wants to reopen his fraud trial. 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