Fun

News Feed - 2023-08-19 05:08:02

Amaka Nwaokocha35 minutes agoSam Bankman-Fried requests weekday freedom for legal defense workLawyers for SBF stated that their client faced difficulties thoroughly reviewing the extensive document accumulation related to the case while confined to the detention center.198 Total views8 Total sharesListen to article 0:00NewsJoin us on social networksSeven days following the Department of Justice"s bail revocation for disgraced FTX founder Sam Bankman-Fried, he is now seeking permission to spend five weekdays outside to collaborate with his legal team on his defense case.


According to a letter sent to US District Judge Lewis Kaplan on Friday, as reported by Bloomberg, legal representatives of SBF stated that their client faced difficulties in thoroughly reviewing the extensive document accumulation related to the case while confined to the Metropolitan Detention Center in Brooklyn.


In correspondence, Christian Everdell, the attorney for SBF, conveyed the following statement:“Just last week the government produced three-quarters of a million pages of Slack communications, which were supposed to be produced months ago, that Mr. Bankman-Fried will have no hope of reviewing under this schedule”.


According to Everdell, facilitating Bankman-Fried"s access to his legal team and allowing him to use an internet-enabled laptop within the courthouse premises would accelerate the proceedings. The lawyer emphasized the significance of this arrangement, particularly given that his fraud trial is scheduled to start in October.


Maintaining his innocence, SBF is confronted with allegations of masterminding an elaborate fraud scheme, which involved unauthorized access to billions of dollars from FTX customer funds for personal use.


Related:FTX seeks $175M settlement with Genesis entities to resolve dispute


Prosecutors reportedly argued that unless Bankman-Fried promptly provides information about the advice he received and its origin, he should be precluded from introducing this defense during the trial, as per their contention.


The prosecutors reportedly mentioned their ability to provide Bankman-Fried with information on hard drives. These drives could be used on computers at the Metropolitan Detention Center (MDC), where individuals await their trials.


However, due to limitations, not all the information can be stored on a laptop. A plan to move him for laptop access was denied by prison authorities. The Judge"s decision on his requests is awaited ahead of the trial.


Magazine:Deposit risk: What do crypto exchanges really do with your money?# Blockchain# Cryptocurrencies# Law# Business# Cryptocurrency Exchange# FTXAdd reactionAdd reactionRead moreWhat are NFT royalties, and how do they work?What is Chapter 11 bankruptcy? Understand the basicsDOJ wants SBF’s bail revoked over witness tampering, diary leak allegations

News Feed

Buy Stablecoins With Your Credit Card in Lumi Wallet
Buy Stablecoins With Your Credit Card in Lumi WalletLumi Wallet announced that from June 2020, Tether USDT, Binance USD, Paxos Standard Token, Celsius and Dai are available to purch
Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia
Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this
Apple’s Approval Process Delays Uniswap’s Mobile App Launch; Firm Launches Limited Trial Release
Apple"s Approval Process Delays Uniswap"s Mobile App Launch; Firm Launches Limited Trial Release On March 3, 2023, Uniswap Labs, the firm behind the decentralized exchange Uniswap,
Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests
Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests The share of crypto miners in Russia’s power consumption structure already exceeds
Report: Illegal Trades Account for Less Than 3% of Total Bitcoin Transactions
Report: Illegal Trades Account for Less Than 3% of Total Bitcoin Transactions According to a new report, illegal transactions, scams and gambling together make up less than 3% of t
Genesis Report Highlights ‘Emerging Role’ of Ethereum and Defi in Q2 2021
Genesis Report Highlights "Emerging Role" of Ethereum and Defi in Q2 2021 Genesis Digital, a leading cryptocurrency trading, lending, and custody desk, released
Ana Paula Pereira9 hours agoBitget and crypto influencer embroiled in legal saga after Reel Star token listing fiascoEvan Luthra says Bitget froze his account in April. The exchange claims it was done on suspicions of ma
Derek Andersen2 hours agoSEC chief accountant warns accountants about liabilities when auditing crypto firmsPaul Munter says making or allowing misleading statements can have serious consequences for accounting firms and
Biggest Movers: XTZ, FLOW Reach Multi-Week Highs on Tuesday
Biggest Movers: XTZ, FLOW Reach Multi-Week Highs on Tuesday XTZ rose to its highest point in nearly three weeks on Tuesday, as the token climbed for a second straight session. The
Myria Has Announced Free-to-Claim Alliance Sigil NFT for All New and Existing Community Members
Myria Has Announced Free-to-Claim Alliance Sigil NFT for All New and Existing Community Members press release PRESS RELEASE.June 8, 2022:Myria Studios, the blockchain gaming divisio
Privacy Options Underutilized in Cryptocurrency Usage: Report
Privacy Options Underutilized in Cryptocurrency Usage: ReportAdvances in cryptography have not met with user enthusiasm, suggesting a disconnect between the cryptocurrency community
Meme Token Economy Suffers After Crypto Market Dip, DOGE and SHIB Market Caps Lose Billions
Meme Token Economy Suffers After Crypto Market Dip, DOGE and SHIB Market Caps Lose Billions The global cryptocurrency market valuation has rebounded a great deal since the initial