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

Savannah Fortis13 hours agoTikTok, Snapchat, OnlyFans and others to combat AI-generated child abuse contentMajor social platforms, AI companies, governments and NGOs issued a joint statement pledging to combat AI-generat
PIXXSTASY Is Changing the NFT Market
PIXXSTASY Is Changing the NFT Market press release PRESS RELEASE.PIXXSTASY, a charity project for drug prevention and rehabilitation, is redefining the NFT market. The organization
Ethereum’s Pectra upgrade: Key risks identified in Report
Josh O"Sullivan9 hours agoEthereum’s Pectra upgrade: Key risks identified in ReportAccording to a new report by Liquid Collective and Obol, Ethereum’s Pectra upgrade in 2025 poses significant risks, including concern
BTC price chart shows Bitcoin can match $49.5K lows within days
William Suberg10 hours agoBTC price chart shows Bitcoin can match $49.5K lows within daysBTC price action has a habit of “filling” downside wicks within days or weeks, the Bitcoin daily chart shows.5058 Total views17
Tom Mitchelhill3 hours agoSui Network launches Google, Twitch and Facebook logins for DAppsSui joins the growing ranks of Web3 firms looking to onboard users who are all too often “irretrievably lost” at the doorstep
Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T
Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&TA California judge has dismissed the $200 million in damages claim against the telecom giant AT&T for alle
Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in ‘Stolen Bitcoin’
Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in "Stolen Bitcoin" Craig Wright, the individual that claims to be Sato
Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011
Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011 Crystal Blockchain, a company that provides blockchain data and analytics, published a study cover
Bitcoin Cash-Fueled Blogging Website Read.cash Raises Over $100K for Collective Initiative
Bitcoin Cash-Fueled Blogging Website Read.cash Raises Over $100K for Collective InitiativeA few months ago news.Bitcoin.com reported on the web portal read.cash, a blogging website
New ‘overlay attacks’ are a growing threat to crypto users — security CEO
Christopher Roark3 hours agoNew ‘overlay attacks’ are a growing threat to crypto users — security CEOThe attackers are creating fake overlays to trick users into providing login credentials for financial services a
Remilia hacker moves $4.3M to Tornado Cash
Ezra Reguerra14 hours agoRemilia hacker moves $4.3M to Tornado CashOn March 16, millions of dollars worth of non-fungible tokens and Ether was stolen from the Remilia DAO and transferred to an unknown wallet address.1231
Solana Will Drop To $211 If It Fails To Break Key Resistance Level – Analyst
Este artículo también está disponible en español. Solana (SOL) is facing severe selling pressure as it tests key demand levels, with bears gaining control after a failed