According to The Block, former FTX CEO Sam Bankman-Fried (SBF) submitted a letter to U.S. District Judge Lewis Kaplan of the Southern District of New York on April 22 local time, announcing the temporary withdrawal of his previously filed Rule 33 motion for a new trial, citing a belief that he "cannot obtain a fair hearing from the judge." SBF stated that he independently conceived and completed most of the legal research for this motion while incarcerated in Brooklyn Jail, without consulting his attorneys, and only shared drafts with his parents for editorial feedback. Previously, his mother, Barbara Fried, had filed the motion on his behalf in March. SBF also indicated that he reserves the right to refile the motion after exhausting direct appeals and resolving any request for judicial recusal. SBF was convicted in November 2023 by a jury on seven counts of fraud and subsequently sentenced to 25 years in prison. Prosecutors described his actions as "the largest fraud in the past decade." SBF had previously sought a presidential pardon from President Trump, but the request was denied.
SBF Withdraws Motion for Rehearing, Claims Inability to Secure a Fair Hearing
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Summary
Former FTX CEO Sam Bankman-Fried (SBF) withdrew his Rule 33 motion for a new trial on April 22, 2026, citing concerns about obtaining a fair hearing under CFT regulations. SBF drafted the motion largely on his own while incarcerated at Brooklyn Prison, with minimal legal input. His mother, Barbara Fried, filed it in March. SBF preserved his right to refile the motion after appeals and judicial recusal rulings. Convicted in November 2023 on seven fraud counts, he was sentenced to 25 years in prison. Prosecutors described the case as the largest fraud of the decade. SBF had also sought a presidential pardon from Trump, which was denied. The case has attracted significant attention amid global regulatory scrutiny, including the EU’s MiCA framework.
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