- SBF, the disgraced ex-CEO of FTX is making an attempt to dismiss 10 out of 13 prison fees in opposition to him.
- His legal professionals mentioned the US authorities had introduced the unique indictment in opposition to SBF in a “basic rush to judgment.”
- In January, SBF pleaded not responsible within the US authorities’s prison case in opposition to him.
Fallen FTX co-founder Sam Bankman-Fried has requested a US choose to dismiss 10 out of 13 prison fees in opposition to him over the crypto trade’s collapse.
Bankman-Fried’s legal professionals argued in a submitting to the Manhattan federal court docket that the US authorities had introduced the unique indictment in opposition to Bankman-Fried on December 9 in a “basic rush to judgment” lower than a month after FTX’s chapter.
“Quite than look forward to conventional civil and regulatory processes following their peculiar course to handle the scenario, the federal government jumped in with each ft, improperly in search of to show these civil and regulatory points into federal crimes,” his legal professionals wrote.
They added that the broad market rout in 2022 had additionally hit many different crypto exchanges.
“The market crash took down lots of the main gamers on this sector, not simply FTX,” they mentioned of their submitting.
Costs Bankman-Fried’s
In January, Bankman-Fried pleaded not responsible within the US authorities’s prison case in opposition to him over FTX’s collapse. The previous FTX CEO was set for an October 2 trial.
A spokesperson for Bankman-Fried declined to remark.
