SBF retrial filing alleges key evidence of FTX solvency was withheld from jury

Mario Nawfal, founder of the Web3 investment firm IBC Group, highlighted on X key arguments from Sam Bankman-Fried's (SBF) request for a retrial. According to documents filed with the U.S. District Court for the Southern District of New York, SBF's legal team claims an affidavit arguing that FTX was not insolvent during its November 2022 crisis and that customer assets were always fully repayable was withheld from the jury. The team also alleges that multiple witnesses abandoned their testimony due to pressure and threats from prosecutors. Nawfal added that SBF's side argues prosecutors relied on statements from cooperating witnesses facing long sentences while excluding data that showed FTX's actual financial state. They contend the government and the bankruptcy estate presented a distorted narrative of missing customer funds by omitting billions of dollars in assets, and that the subsequent full repayment to customers at 119-143% was not adequately considered. The retrial application, which was made public for the first time, also includes a Brady disclosure motion and a request for the judge's recusal.