Bankman-Fried Seeks New Trial Citing Solvency

Sam Bankman-Fried filed a motion for a new trial on Feb. 10, arguing FTX's November 2022 collapse reflected a recoverable liquidity crisis rather than fraud and asserting a $16.5 billion positive net asset value at the bankruptcy petition date. Reuters reports the bankruptcy plan contemplates distributing at least 118% of customers' November 2022 account values, but petition-date valuations, liquidity shortfalls, and governance failures remain distinct legal and practical issues.