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During a hearing earlier Thursday, Judge Lewis Kaplan, who is overseeing the trial, asked the prosecution and defense to estimate how long they expect their respective cases to last. Assistant U.S. Attorney Danielle Kudla said the Department of Justice estimated their case taking four to five weeks. Mark Cohen, representing
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As to Cohen's argument that Bankman-Fried's case is complex, meaning he deserves ample time outside of prison to strategize, Kaplan again demurred. While the FTX case "involves subjects that to the lay world are pretty arcane," like cryptocurrency and finance, said Kaplan, "the issues in this case are pretty straightforward:
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According to data gathered by Matrixport, a crypto services provider that is tracking the market, the expected payout for creditor claims against FTX has surged to an average of 37 cents on the dollar, its highest since the bankruptcy filing in late 2022, and up from just over 10 cents
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A 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
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Prosecutors from the United States Department of Justice will be allowed to surface the details of Sam Bankman-Fried’s political donations as the evidence is directly relevant to his fraud charges, ruled U.S. District Judge Lewis Kaplan.The decision was part of a series of rulings made by Kaplan in a 16-page
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Practical realities such as the government providing the defense a list of over 50 potential witnesses, thousands of pages of material and more than 1,300 exhibits, argue for a temporary release, the lawyers said. They added that they didn't know which witnesses the government would call or in which order
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In a battle to recover billions of dollars following the collapse of FTX, Chief Executive and Restructuring Officer John J. Ray III,
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FTX intensified its asset recovery operations under legal scrutiny as founder Sam Bankman-Fried prepares for his October trial in October. Spearheaded by FTX Chief Executive and Restructuring Officer John J. Ray, the company aims to reclaim billions of dollars that were lost. In a recent development, the exchange initiated legal proceedings
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Several key witnesses, including a British barrister and a University of Michigan professor, have been barred from testifying in the upcoming trial of former FTX CEO Sam Bankman-Fried, as ordered by District Judge Lewis Kaplan. The trial, which is scheduled to commence on Oct. 3, has garnered significant attention. One of
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An appeals court rejected his attorneys’ attempt to free him in the run-up to the trial. Original Source
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