U.S. Prosecutors Oppose Sam Bankman-Fried's Retrial Request

2026-03-12 12:25

U.S. prosecutors have opposed Sam Bankman-Fried's request for a retrial, asserting that he has not shown any injustice in his conviction. Bankman-Fried, the former CEO of the collapsed FTX cryptocurrency exchange, is currently serving a 25-year prison sentence following his conviction for fraud and conspiracy in 2023. The prosecutors' stance was reported by Bloomberg on March 12, highlighting their belief that the original trial was fair and just.

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