Former FTX CEO Sam Bankman-Fried has filed a motion for a new trial, claiming new witness testimony could change the case against him. The disgraced crypto executive, who is serving a 25-year prison sentence, argues that fresh evidence might alter the fraud and conspiracy charges that led to his conviction. He plans to represent himself if granted a retrial.

Bankman-Fried was found guilty in 2023 of seven charges related to the collapse of FTX, the cryptocurrency exchange he co-founded. His legal troubles began after he was jailed for witness tampering, following his initial arrest. The new trial request is separate from his ongoing formal appeal of the original conviction.

Legal experts consider his chances slim, given the severity of his sentence and the strength of the original prosecution's case. Bankman-Fried's downfall represents one of the most high-profile collapses in cryptocurrency history, joining other industry leaders who have faced fraud charges. His attempt at a retrial comes as the crypto industry continues to grapple with regulatory scrutiny and calls for greater oversight.