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

US Housing Market: Economist Says Stellar Data Won't Stop Recession
The US housing market continues to mystify investors as they scrutinize economic data in search of a smoking gun that will vindicate - or vanquish - fears that the US economy is on the brink of a recession.
Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins
Microstrategy"s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins Nine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm
Price analysis 7/17: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Rakesh Upadhyay3 hours agoPrice analysis 7/17: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBStrong inflows into spot Bitcoin ETFs suggest that the sentiment has turned positive, and traders are buying aggressively.
Digital Yuan Wallet Ranks Among Most Downloaded Apps in China
Digital Yuan Wallet Ranks Among Most Downloaded Apps in China The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applicati
Solana Price Will Complete 1,800% Surge To $4,000 With This Formation: Analyst
Este artículo también está disponible en español. Recent market price action in the past 48 hours has brought up bullish talksfor cryptocurrencies, with assets like Solan
Web3 users hit 10M in Q2, MetaMask to enhance security: Finance Redefined
Prashant Jha4 hours agoWeb3 users hit 10M in Q2, MetaMask to enhance security: Finance RedefinedConsensys integrates Wallet Guard to boost MetaMask’s security, aiming to drive user fund losses to zero amid rising Web3
Binance CEO: Crypto industry has shifted from ‘early adopters’ to ‘early majority’
Tristan Greene10 hours agoBinance CEO: Crypto industry has shifted from ‘early adopters’ to ‘early majority’CEO Richard Teng’s commentary came in response to Binance reaching the 200 million user threshold.5701
Cointelegraph Innovation Circle8 hours agoExpert advice to help Web3 companies survive precarious economic timesWeb3 companies need to both leverage traditional strategies and lean into industry strengths to survive and
Bitcoin Dominates Q1: Altcoin Season Nowhere In Sight—Report
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Weekly Chart Shows That Dogecoin Price Is Primed To Cross $11 In 2025, Here’s How
Este artículo también está disponible en español. Crypto analyst Dima Jameshas boldly predicted that the Dogecoin price could cross $11 in this new year. He alluded to DO
Tom Mitchelhill4 hours agoIs Bitcoin overheated? Some believe the answer is hiding in PEPESome crypto market observers believe a rush into memecoin PEPE could herald an impending Bitcoin dump, but not everyone is convinc
Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu