Judge to weigh Bankman-Fried's trial schedule, bail conditions at hearing

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

NEW YORK : A U.S. judge is expected on Friday to consider what restrictions Sam Bankman-Fried should face while free on bail, and whether the FTX cryptocurrency exchange founder's Oct. 2 fraud trial should be pushed back.Bankman-Fried is fighting to stay out of jail after U.S. District Judge Lewis Kaplan

NEW YORK : A U.S. judge is expected on Friday to consider what restrictions Sam Bankman-Fried should face while free on bail, and whether the FTX cryptocurrency exchange founder's Oct. 2 fraud trial should be pushed back.

Federal prosecutors in Manhattan have charged Bankman-Fried with perpetrating an"epic" fraud by stealing billions of dollars in FTX customer funds to plug losses at Alameda Research, his hedge fund. Late last month, prosecutors added new fraud and conspiracy charges against Bankman-Fried over the November collapse of his now-bankrupt exchange, meaning he now faces 12 charges. He had pleaded not guilty to the original eight charges in January.

They also said prosecutors had not yet handed over evidence from electronic devices belonging to former Alameda CEO Caroline Ellison and former FTX technology chief Gary Wang.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bankman-Fried's lawyers say October trial may need to be delayedNEW YORK : Sam Bankman-Fried's lawyers said on Wednesday it may be necessary to delay the FTX cryptocurrency exchange founder's scheduled Oct. 2 criminal trial, arguing it may take more time than expected to review the evidence and prepare a defense.In a letter to U.S. District Judge Lewis Kaplan, the 31- Oh really
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »