Court Rules Sam Bankman-Fried Will Remain In Jail Through Trial, Here’s Why
During a court hearing held on Thursday, September 28, 2023, the Court ruled that the former CEO of now-bankrupt crypto exchange FTX
Read MoreDuring a court hearing held on Thursday, September 28, 2023, the Court ruled that the former CEO of now-bankrupt crypto exchange FTX
Read MoreFTX founder Sam Bankman-Fried has a right to shape the narrative around him, his lawyers argued during a court hearing last month. Unposted tweets obtained by CryptoX suggest he may have been trying to craft a new image for himself since as soon as last December by discussing his mental
Read MorePart of Kaplan’s rationale for denying the release request came from his belief, as a seasoned jurist, that Bankman-Fried might present a flight risk. “Your client could be looking at a very long sentence,” Kaplan told Bankman-Fried’s lawyers. “If things look bleak […] if he had that opportunity, maybe he
Read MoreFTX founder Sam Bankman-Fried, once described as the “golden boy” of crypto, is set to stare down a jury next week for his role in the collapse of his $32 billion crypto exchange. After a jury selection process on Oct. 3, the trial begins in earnest on Oct. 4, with Bankman-Fried
Read MoreFormer FTX CEO Sam Bankman-Fried will spend at least 21 days in court as part of his criminal trial, which will begin in earnest on Oct. 4 and last until Nov. 9, according to a newly released trial calendar posted to the public court docket.The burgeoning trial calendar, released on
Read MoreThe centerpiece story was Allison’s explosive Nov. 2, 2022, piece that raised questions about how sturdy Alameda Research, Bankman-Fried’s large trading firm, was – and, by extension, how safe the billionaire’s affiliated and better-known crypto exchange FTX was. Other CoinDesk stories honored by the Loebs revealed the unusual living arrangements
Read MoreSince the laptop is “air-gapped,” Bankman-Fried will have no connection to the internet or local area networks. The computer is physically isolated from unsecured networks, which also means that data can only be uploaded through the computer via USB and the like – in other words, Bankman-Fried will have no
Read MoreThe defense team has already lost two bids to have Bankman-Fried temporarily released since he was remanded, but has made another attempt, offering to impose strict conditions around the onetime FTX executive. Judge Kaplan set a 5:00 p.m. ET deadline today for the Department of Justice to comment on the
Read MoreA federal judge has granted a motion from the legal team for Sam Bankman-Fried (SBF) allowing the former FTX CEO to wear business attire during his first criminal trial.In a Sept. 27 order filed in United States District Court for the Southern District of New York, Judge Lewis Kaplan said
Read MoreThey also asked the judge to let Bankman-Fried travel to his attorneys’ workspaces during the trial itself because it was “exceedingly difficult” to prepare for the trial from jail. The security guard, who the lawyers say will remain with Bankman-Fried at the residence, will also make sure he doesn’t have
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