Former FTX CEO Sam Bankman-Fried (SBF), who has already been sentenced, is seeking a retrial. His mother recently filed an application in New York federal court, arguing that new evidence has emerged and the fraud charges should be reopened. SBF is currently pursuing the application in his own defense. According to legal procedures, he must prove substantial new evidence sufficient to influence the original verdict in order to have a chance of a retrial. SBF was previously sentenced to 25 years in prison for the FTX collapse and has consistently challenged the verdict through appeals. His previous defense emphasized that FTX was not entirely insolvent at the time of its collapse, but the appeals court judge pointed out that the core issue was whether customer funds were misappropriated and investors were misled, rather than whether the company was insolvent. Furthermore, US President Trump recently stated that he will not consider granting SBF a pardon.