FTX founder Sam Bankman-Fried has filed a motion with the U.S. District Court for the Southern District of New York to overturn his original conviction based on newly discovered witness testimony. The court has recently set a deadline for the government to submit its response, with completion expected by mid-March. The former exchange executive was originally sentenced to 25 years in prison and ordered to forfeit $11.02 billion. According to the latest developments, the emergence of new testimony is expected to become key to overturning the conviction, and the case will continue to advance through the appeals process.