Fun

News Feed - 2023-08-31 04:08:00

Turner Wright4 hours agoJudge says Sam Bankman-Fried’s lawyers have until Sept. 1 to request a trial postponement: ReportThough the judge reportedly said he would not necessarily grant a postponement, SBF’s lawyers have been pushing for the former FTX CEO to have more time to prepare his defense.427 Total views21 Total sharesListen to article 0:00NewsJoin us on social networksLawyers representing former FTX CEO Sam Bankman-Fried, or SBF, have reportedly not asked for a different trial date in order to prepare, but a federal judge has offered a limited window to do so.


According to an Aug. 30 thread on X (formerly Twitter) from Inner City Press, Judge Lewis Kaplan said the deadline for requesting a jury based on Bankman-Fried’s trial start date was Sept. 7. SBF’s lawyers reportedly said they “chose an aggressive date” in which the former FTX CEO would have the opportunity to clear his name but did not entirely rule out requesting more time to prepare as a result of alleged issues with access to discovery materials.


“If the defendant feels he needs a postponement, they can ask for it,” said Kaplan, according to the thread. “I’m not saying I would necessarily grant it. They’d have to demonstrate a need — not just recount the number of documents. There’s got to be more meat on those bones."OK - now US v. Bankman-Fried, oral argument about SBF"s complaints about discovery documents, strength of Internet during his twice-weekly courthouse visits, & desire to get back out to Palo Alto. Inner City Press (book Crypto Creeps) will live tweet, thread below https://t.co/uUXBcLMej9 pic.twitter.com/Fo1BxIWdsC— Inner City Press (@innercitypress) August 30, 2023


The Aug. 30 hearing focused on motions from SBF’s lawyers requesting temporary release for the former FTX CEO in order to prepare for his Oct. 3 criminal trial. Kaplan revoked Bankman-Fried’s bail on Aug. 11, leading to his remand at the Metropolitan Detention Center in Brooklyn. His legal team has argued the lack of consistent access to the internet and documents related to his case was inadequate for trial preparation.


“[Bankman-Fried] is able to review discovery 70 hours a week,” reportedly said Assistant U.S. Attorney Danielle Sassoon. “Counsel can visit him 7 days a week. This is not a pro se defendant — he has many lawyers and experts, who prepare around the clock.”


Related:DOJ calls SBF’s fraud allegation defense ‘irrelevant,’ requests additional info


Kaplan said he would accept motions from SBF’s defense team and prosecutors by Sept. 1 and rule on them by the following week — Sept. 4, Labor Day, is a national holiday in the United States. These filings included Bankman-Fried’s defense strategy of arguing he largely acted “in good faith” on advice of previous counsel in regard to his alleged actions at FTX and Alameda Research.


Bankman-Fried faces 12 criminal charges, which will be spread across two trials scheduled to begin on Oct. 2, 2023 and March 11, 2024. He has pleaded not guilty to all counts.


Magazine:Can you trust crypto exchanges after the collapse of FTX?# Law# Court# Sam Bankman-Fried# FTX# RegulationAdd reactionAdd reactionRead moreWhat are NFT royalties, and how do they work?Opinion: Why did Bitget seize more than $200,000 of my money?MiCA: The good, the bad and the ugly of the EU’s crypto rules

News Feed

Is Bitcoin’s negative futures funding rate a sign of an upcoming BTC price crash?
Marcel Pechman1 hour agoIs Bitcoin’s negative futures funding rate a sign of an upcoming BTC price crash?Bitcoin bears celebrate as demand for leveraged long positions hits a six-month low, but crypto traders on X thin
OpenAI swoops up French and Spanish news partners for AI chatbot training
Savannah Fortis13 hours agoOpenAI swoops up French and Spanish news partners for AI chatbot trainingOpenAI is partnering with Le Monde and Prisa Media to provide French and Spanish news content to ChatGPT, aiming to impr
Amaka Nwaokocha11 hours agoEthereum’s active addresses second-highest in history: AnalystsAnalysts at market intelligence platform Santiment suggest that the Ether market may experience increased volatility, potentiall
Elon Musk, Jack Dorsey, Cathie Wood Will Discuss Bitcoin Live at ‘B Word’ Event
Elon Musk, Jack Dorsey, Cathie Wood Will Discuss Bitcoin Live at "B Word" Event Tesla CEO Elon Musk, Twitter CEO Jack Dorsey, and Ark Invest CEO Cathie Wood will
Ezra Reguerra10 hours agoBinance CEO reflects as exchange turns 6 — ‘It was never all smooth sailing’Binance CEO Changpeng Zhao wrote that decentralized finance will continue to accelerate, and more people will int
Morgan Stanley’s Executive Likens Bitcoin’s Resilience to Kenny Who Dies in Every South Park Episode
Morgan Stanley"s Executive Likens Bitcoin"s Resilience to Kenny Who Dies in Every South Park Episode Morgan Stanley Investment Management’s Dennis Lynch, says that bitcoin&#
Rachel Wolfson10 hours agoEnterprise blockchain: ‘Ethereum for Business’ explains key use casesPaul Brody’s “Ethereum for Business” gives a basic overview of enterprise Ethereum, while providing real-world use
Celestia (TIA) Set For Major Breakout? Top OTC Exec Warns Of Supply Shock
Este artículo también está disponible en español. In an analysis shared on X, Taran Sabharwal, CEO of Stix—a leading OTC trading platform specializing in liquidity solu
Bitcoin.com Games Invites You to Celebrate Easter With a 3-in-1 Promotion
Bitcoin.com Games Invites You to Celebrate Easter With a 3-in-1 PromotionIn what seems to be one of the most springtastic events of the year, Bitcoin Games has decided to celebrate
Netgear’s Digital Art Frames Will Support NFTs, Owners Can Connect Metamask to Meural Platform
Netgear"s Digital Art Frames Will Support NFTs, Owners Can Connect Metamask to Meural Platform At the Consumer Electronics Show (CES) in Las Vegas, multinational computer networkin
Bitcoin’s Mining Difficulty Rises for the Second Time in a Row — It’s Now 0.63% Harder to Find a BTC Block
Bitcoin"s Mining Difficulty Rises for the Second Time in a Row — It"s Now 0.63% Harder to Find a BTC Block On August 18, 2022, Bitcoin’s mining difficulty increased again
Arijit Sarkar1 hour agoBinance launches Web3 wallet for its 150M registered usersThe Binance Web3 wallet has been launched within the primary Binance app, which is predominantly used for trading cryptocurrencies.1000 Tot