US prosecutors have urged a federal judge to deny Sam Bankman‑Fried’s bid for a new trial, arguing the disgraced crypto founder has not offered a legal basis to overturn his 2023 conviction in the FTX collapse. In a court filing reported by Bloomberg, prosecutors say Bankman‑Fried’s motion under Rule 33 — which allows judges to order a new trial “in the interest of justice” — fails to show his original trial was unfair or that any newly offered evidence would meaningfully alter the verdict. Bankman‑Fried is currently serving a 25‑year sentence after being convicted on fraud and conspiracy charges tied to the collapse of the exchange in 2022. In February, Bankman‑Fried asked for a retrial on the basis that testimony from former FTX executives, now allegedly newly available, could undercut the government’s portrayal of FTX’s finances. His filing contends that additional witnesses might challenge claims that customer funds were misused, and that the company was insolvent rather than experiencing a temporary liquidity crunch. The motion also alleges that certain testimony at trial was misleading. Prosecutors pushed back forcefully, saying the proposed witnesses either do not constitute genuinely new evidence or would not change the outcome. They pointed to the original trial’s extensive testimony and documentary record, which they say established that billions in customer funds were misappropriated. Based on that record, they conclude there is no justification to reopen the case. The dispute is the latest development in the long‑running legal fallout from FTX’s 2022 implosion — one of the biggest scandals in crypto history — and sets the stage for a judge’s decision on whether the conviction will stand or whether any part of the case will be retried. Read more AI-generated news on: undefined/news