Judge sets urgent timeline for Bankman-Fried’s trial

Federal Judge Lewis Kaplan has set a Sept. 7 deadline for former FTX CEO Sam Bankman-Fried to request a jury for his October trial.

An Aug. 30 Tweet thread from Inner City Press, a public interest organization based in the South Bronx of New York City, revealed the new move.

Federal Judge Lewis Kaplan has indicated that former FTX CEO Sam Bankman-Fried (SBF) has until Sept. 7 to request a jury trial.

This tight deadline drew concern from Bankman-Fried’s lawyers, who noted their client’s right to a discovery period before the trial scheduled for Oct. 3.

The development came during a hearing focused on motions for Bankman-Fried’s temporary release to prepare for the trial. When Kaplan inquired if the defense needed more time, they responded, “not at this time.”

The second trial date, pending approval from the Bahamas, is slated for March 11.

Bankman-Fried’s legal team is expected to focus on the role of prior legal advisors in his decision-making process. They plan to present evidence showing that counsel from Fenwick & West LLP and in-house legal experts were key in guiding significant actions during his tenure.

You might also like: Bankman-Fried requests release to work on defense

SBF’s legal hurdles

Bankman-Fried had his $250 million bail revoked for allegedly attempting to tamper with witnesses.

Currently, he is seeking space outside detention weekly to prepare for his upcoming trial. His attorneys rejected a two-day-a-week release proposal offered by the U.S. government, as they want a five-day term.

In addition to that, some think that the FTX former CEO is not capable of staying in a detention center. SBF’s lawyers requested Emsam skin patches for depression and a few doses of Adderall for attention deficit hyperactive disorder (ADHD) in the detention center.

Read more: SBF might suffer from depression and ADHD, needs meds in jail
Follow Us on Google News

Comments

Post a Comment

Popular posts from this blog

Fetch.ai Price Prediction: FET Pumps 14% On Nvidia Earnings As AI Cryptos Boom And Analysts Say This New Solana Meme Coin Might Outperform BONK, WIF And MYRO

Image
The Fetch.ai price has soared by 14.5% in the past 24 hours to trade at $1.12 as of 8:15 a.m. EST on trading volume that surged 10.5% to $612 million. This surge came after AI chip maker Nvidia reported that fourth-quarter earnings had surpassed market expectations, buoying most of the AI crypto sector. Other AI cryptos to surge included Render (RNDR), Akash Network (AKT), and Bittensor (TAO), all ascending by double digits. Fetch.ai Price Susatains Bullish Momentum Above the Bullish Pennant FETUSD Analysis by Tradingview The Fetch.ai price indicates a continued uptrend after breaking from the consolidation stage. However, the resistance level at $0.78 has led to the formation of a bullish pennant, which signals a bullish trend reversal. However, the bulls seem to have acted on the pennant, indicating resilience on the $0.4424 support zone and flying the price past the $0.78 resistance, confirming the bull rally to the $1.17 resistance level. The technical indicators are bul...
Read more

Bitcoin slicing through this resistance could send it over $47k

Image
Although the majority of assets in the cryptocurrency sector got off to a slow start this week, Bitcoin (BTC) could be looking at a massive advance toward and beyond the threshold of $47,000 soon, provided it manages to break the key resistance that currently stands in its way. As it happens, Bitcoin’s realized price distribution (URPD) or unspent transactions output (UTXO), or the amount remaining after every transaction, suggests that the maiden cryptocurrency is facing “stiff resistance at $38,500,” as noted by crypto market analyst Ali Martinez in an X post on November 26. Having said that, the crypto trading expert also observed that the flagship decentralized finance (DeFi) asset “slicing through this barrier could help BTC advance toward $47,360,” which is the next significant point in the chart Analysis that Martinez shared. Bitcoin UTCO realized price distribution. Source: Ali Martinez Specifically, UTXO UPRD shows at which prices the current Bitcoin UTXOs appeared, ea...
Read more

Binance faces calls for ban by Nigerian Bureau De Change association

Image
Gwadabe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel market. Binance continues to experience an increase in regulatory heat as the Federal Government of Nigeria is being urged by the Association of Bureau De Change Operators of Nigeria (ABCON) to prohibit the activities of Binance within the nation. ABCON is a self-regulatory body and an umbrella for all the central bank-licensed Bureaux de Change (BDC). This action comes in response to the association reportedly recognizing Binance as a significant contributor to the pressure on the naira. As reported by Nairametrics, a local news agency, Alhaji Aminu Gwadabe, president of ABCON, provided this counsel in an interview held on Aug. 8 in Lagos. Gwadabe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel mar...
Read more