The post SBF Shakes FTX Trial with New Evidence: FTT Analysis appeared on BitcoinEthereumNews.com. Sam “SBF” Bankman-Fried stated in a post from prison on his XThe post SBF Shakes FTX Trial with New Evidence: FTT Analysis appeared on BitcoinEthereumNews.com. Sam “SBF” Bankman-Fried stated in a post from prison on his X

SBF Shakes FTX Trial with New Evidence: FTT Analysis

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Sam “SBF” Bankman-Fried stated in a post from prison on his X account that he presented new evidence alleging that the U.S. Department of Justice (DOJ) silenced or altered statements of key witnesses during former President Joe Biden’s term, and demanded the overturning of his conviction and a new trial. The filing submitted to the court on Thursday under Federal Rules of Criminal Procedure 33 includes a statement from former FTX employee Daniel Chapsky.

Source: Sam Bankman-Fried

SBF’s Move from Prison: Allegations Against DOJ

Chapsky, described as former FTX head of data science, stated in his declaration dated July 13, 2023, that his lawyers strongly advised him not to testify due to risks of media attacks and prosecutorial retaliation. Chapsky, who noted that other former FTX employees received similar warnings, argued that his testimony would refute the prosecution’s claims regarding FTX’s financial situation.

FTX Solvency Claim: Chapsky’s Key Statement

According to Chapsky, FTX was solvent before its November 2022 bankruptcy; its assets always exceeded its liabilities. This directly challenges SBF’s 25-year prison sentence for misusing customer funds at FTX and Alameda Research. The declaration implies that the DOJ pressured witnesses under Biden-era policies.

Bankman-Fried court filing on testimony allegedly withheld by Chapsky. Source: Courtlistener

Net Asset Value over time if lawyers hadn’t placed FTX into bankruptcy. Source: Courtlistener

FTX Net Asset Value: Pre-Bankruptcy Facts

The chart shows that FTX’s net asset value would have remained positive if bankruptcy had not been filed. This data argues that the company’s liquidity issues were artificial, triggered by the bankruptcy process rather than poor management. Experts are debating whether this claim meets the court’s new evidence standard.

SBF’s Impact on FTT Price: Current Market

SBF’s move could stir FTT detailed analysis data. FTT is currently at $0.33, in a downtrend with 24h +1.15% change. RSI 39.23 (neutral), Supertrend bearish, pressure above EMA 20 $0.3702. Legal developments could positively affect investor sentiment.

FTT Technical Analysis: Support and Resistance Table

Level Price Score Distance Sources
S1 $0.3305 74/100 ⭐ -0.87% Fibo 0.114, MACD Cross, S1
S2 $0.2638 73/100 ⭐ -20.88% Fibo 0.000, Donchian Lower, Swing
R1 $0.4019 67/100 ⭐ +20.55% Fibo 0.236, Ichimoku Kijun, R2
R2 $0.3689 62/100 ⭐ +10.65% BB Middle, SMA 20, Fibo 0.214

S1 strong support (74 score), breakout to R2 could increase volatility. Watch FTT futures.

Risk and Opportunity Analysis for FTT Investors

If SBF case reopens, FTT rally possible, but if DOJ rejects, dump risk. Similar downtrend observed in related coins JOE and T. Short-term hold S1, long-term watch JOE detailed analysis.

Trading Analyst: Emily Watson

Short-term trading strategies expert

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/sbf-shakes-ftx-trial-with-new-evidence-ftt-analysis

Market Opportunity
FTX Token Logo
FTX Token Price(FTT)
$0.2888
$0.2888$0.2888
-0.41%
USD
FTX Token (FTT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

MoneyFlare Launches Free AI Crypto Trading Bot for Fully Automated and Efficient Investing

MoneyFlare Launches Free AI Crypto Trading Bot for Fully Automated and Efficient Investing

LONDON, April 02, 2026 (GLOBE NEWSWIRE) -- The world is currently experiencing an AI revolution, with people searching for the hottest AI tools to improve efficiency
Share
CryptoReporter2026/04/02 20:04
68% of global BTC miners came from the U.S., Russia, and China, Q1 2026

68% of global BTC miners came from the U.S., Russia, and China, Q1 2026

The post 68% of global BTC miners came from the U.S., Russia, and China, Q1 2026 appeared on BitcoinEthereumNews.com. Bitcoin (BTC) hashrate remained largely dominated
Share
BitcoinEthereumNews2026/04/02 18:16
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36

$30,000 in PRL + 15,000 USDT

$30,000 in PRL + 15,000 USDT$30,000 in PRL + 15,000 USDT

Deposit & trade PRL to boost your rewards!