Crypto 24X7 News Hubb
Advertisement
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us
No Result
View All Result
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us
No Result
View All Result
Crypto 24X7 News Hubb
No Result
View All Result
Home Crypto Mining

SBF’s Lawyers Express Need to Postpone the October Trial

admin by admin
March 9, 2023
in Crypto Mining


Sam Bankman-Fried’s trial may not start on October 2nd.

Attorneys representing Sam Bankman-Fried (SBF), the former CEO of the recently collapsed cryptocurrency exchange FTX, highlighted that it may be necessary to delay the trial scheduled for October 2nd to give lawyers more time to prepare.

The lawyers have not yet made a formal request to the court to reschedule the trial dates. However, they questioned the request in a letter directed to Judge Lewis Kaplan of the US District Court for the Southern District of New York.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

In the letter, one of the attorneys representing Sam Bankman-Fried stated:

Depending on the volume of the additional discovery and the timing of the productions, it may be necessary to request an adjournment of the trial, currently scheduled to begin on October 2, 2023.

The letter dated March 8th revealed that the lawyers are still waiting for a significant amount of evidence. The attorneys also highlighted that four new charges were filed against their client in late February, increasing the number of counts against SBF to 12. The lawyers said they may need more time to review all the cases before the trial begins. 

Some of the evidence the attorneys are waiting for are materials from the devices of the former CEO of Alameda Research, Caroline Ellison, and FTX co-founder Gary Wang. 

The two former executives of the FTX-related companies pleaded guilty to the fraud cases laid against them. Sam Bankman-Fried, on the other hand, pleaded not guilty to the original eight counts of fraud in January.

Sam Bankman-Fried was arrested following the collapse of the FTX cryptocurrency exchange in November 2022. He was accused of fraud by the Department of Justice (DOJ). Sam Bankman-Fried was released on a bond worth $250 million and has since been under house arrest in California, United States. 

Gile K. - Crypto Analyst

by Gile K. – Crypto Analyst, BitDegree




Source link

Previous Post

SRBMiner-MULTI v2.2.0 Released with Dynex Mining Support for AMD, Nvidia and Intel GPUs

Next Post

Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain – Finance Bitcoin News

Next Post

Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain – Finance Bitcoin News

Recommended

2023 will see the death of play-to-earn gaming

January 1, 2023

CFTC adds execs from Circle, Ava Labs and Fireblocks to tech advisory group

March 14, 2023

Don't miss it

Ethereum

SEC targets Coinbase, Do Kwon arrested, FTX’s $95M in Mysten…

March 26, 2023
Crypto Currency

India to Have Over 150 Million Crypto Users by the End of 2023? (Study)

March 26, 2023
Crypto Currency

US explores additional bank support favoring First Republic’s benefit: Report

March 26, 2023
Bitcoin

Robert Kiyosaki Says Fed Rate Hikes Will Crash Stocks, Bonds, Real Estate, and US Dollar – Economics Bitcoin News

March 26, 2023
Crypto Mining

Coinbase CEO Calls to Support Pro-Crypto Politicians

March 25, 2023
Crypto Currency

Nasdaq Eyeing Q2 2023 Release For Bitcoin And Crypto Custody Platform

March 25, 2023

© 2022 Crypto 24X7 News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Crypto Currency
  • Bitcoin
  • Ethereum
  • Crypto Mining
  • Contact us

© 2022 Crypto 24X7 News Hubb All rights reserved.