In a most theatrical turn of events, our beleaguered hero, Sam Bankman-Fried, erstwhile sovereign of the FTX empire, has taken to the courts in a bid to overturn his 25-year sentence. He alleges that the Biden Justice Department, that paragon of integrity, had the audacity to pressure hapless witnesses into silence, as if they were mere players in a tragic farce.
The “Weaponized DOJ” and Its Mysterious Ways
In his latest epistle shared on the curious platform known as X, Bankman-Fried alleges that the DOJ, in an act reminiscent of a particularly villainous Shakespearean plot, threatened his potential defenders with prison sentences that could stretch to a century. One can only imagine the dramatic flair with which these threats were delivered-perhaps via smoke signals or carrier pigeon.
New evidence suggests that the Biden administration has been dabbling in witness intimidation, forcing the innocent into the shadows or twisting their tales. Thus, I implore, let my conviction be tossed aside like yesterday’s newspaper.
And pray, Judge Lewis Kaplan, do recuse yourself; your tendency to prejudge is as notorious as a scandalous novel in a Victorian parlour.
– SBF (@SBF_FTX) February 11, 2026
Ryan Salame, one of the former FTX aristocrats, lamented in court that he had allowed his legal counsel to frighten him into abandoning the noble cause of testifying for Bankman-Fried. “What a fool I was,” he might as well have said, “to think that standing up for justice might cost me merely my reputation and not my freedom!”
Daniel Chapsky, another erstwhile colleague, echoed this sentiment, revealing his concerns for personal safety and those around him had led him to deny his own convictions, thus letting the narrative of government misdeeds slide through the cracks.
Our protagonist characterizes this whole affair as a “one-sided coerced legal theater,” where the prosecution spun tales of missing billions-yet, lo and behold, the treasure was ultimately found safe and sound.
A Call for Judicial Fairness
In a further act of desperation-or perhaps brilliance-Bankman-Fried has urged for Judge Kaplan to step aside, citing a history of judicial bias that would make even the most seasoned courtroom drama queen blush. “How can a man who has already judged me fairly judge me again?” he implores, invoking the specter of Trumpian comparisons for good measure.
FTX: A Tragic Misunderstanding
The filing continues to weave a narrative wherein the downfall of FTX is attributed not to grand theft but to a mere liquidity crisis, as if one could simply shake a magic eight ball and make all woes disappear:
- FTX purportedly had enough assets to repay customer deposits-imagine that!
- Withdrawals were halted temporarily due to a sudden rush for the exits, a frenzy sparked by a rival’s dastardly token dump.
- By May 2024, the Debtors’ Estate claimed it had repaid customers between 119% and 143% of their original investments-a veritable bonanza!
In contrast, the $1 billion lavished upon restructuring professionals sits uneasily alongside the over $100 billion evaporated due to, let us say, creative management practices.
The Trial and Its Aftermath
- November 2023: The jury finds Bankman-Fried guilty of seven counts of fraud and conspiracy-how very dramatic!
- The prosecution’s case relied heavily on testimonies from five former employees, each ensnared in the web of governmental coercion.
- March 2024: He receives a 25-year sentence at Terminal Island Federal Correctional Institution-such a charming locale!
- An appeal now looms over the Second Circuit Court of Appeals like dark clouds over a sunlit picnic.
The Central Claim of Our Disgruntled Hero
Bankman-Fried asserts that the actions of the DOJ are the very reason he finds himself in this predicament: “Since the trial, numerous individuals have come forth to recount how the weaponized DOJ twisted their arms into withdrawing as witnesses for my defense-one even threatened my pregnant fiancée with fabricated political charges. Truly, what a splendid display of justice!”
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2026-02-11 14:22