Fun

News Feed - 2023-09-28 02:09:00

Turner Wright6 hours agoSam Bankman-Fried will likely appear in a suit and tie at trialThe former FTX CEO will have access to 3 full suits, 4 dress shirts, 3 ties, 1 belt, 4 pairs of socks, and 2 pairs of shoes — no hoodies were requested.1771 Total views5 Total sharesListen to article 0:00NewsJoin us on social networksA federal judge has granted a motion from the legal team for Sam Bankman-Fried (SBF) allowing the former FTX CEO to wear business attire during his first criminal trial.


In a Sept. 27 order filed in United States District Court for the Southern District of New York, Judge Lewis Kaplan said the United States Marshals Service and the Metropolitan Detention Center in Brooklyn would make arrangements for SBF to wear business attire for the duration of his criminal trial starting in October. Authorities will be responsible for “accept[ing] and maintain[ing]” 3 full suits, 4 dress shirts, 3 ties, 1 belt, 4 pairs of socks, 2 pairs of shoes, and “appropriate undergarments”.


Bankman-Fried wearing a suit and tie will stand in sharp contrast to many of his public appearances prior to his arrest in December 2022. The then FTX CEO was well known for donning a T-shirt or hoodie, cargo shorts and sneakers. In hearings following his arrest, Bankman-Fried often came to court wearing a suit, though not always a tie.


In a separate order, Kaplan said SBF would also be allowed to use an "air-gapped" laptop while in court "solely in order to take notes". The former FTX CEO"s defense team is scheduled to again argue for SBF"s early release in a Sept. 28 hearing, having already lost 2 appeals with the U.S. Court of Appeals for the Second Circuit.Sam Bankman-Fried asks judge for suits to wear at trial https://t.co/2kdVPMenLu pic.twitter.com/iwzTVfg1wj— Reuters (@Reuters) September 27, 2023


Related:"You can commit fraud in shorts and T-shirts in the sun," says SDNY attorney on SBF indictment


The judge’s order came with less than 7 days until the start of Bankman-Fried’s criminal trial in New York, scheduled for Oct. 3. He will faces 7 counts related to fraud during his time at FTX and Alameda Research, and 5 additional counts in a separate trial scheduled for March 2024. Bankman-Fried has pleaded not guilty to all charges.


In a Sept. 26 pretrial ruling, Judge Kaplan said prosecutors will be allowed to provide the jury with details of SBF’s political donations related to existing fraud charges. Officials had originally indicted Bankman-Fried with violations of campaign finance laws, but were forced to drop the charge due to U.S. “treaty obligations to the Bahamas”, from where the former FTX CEO had been extradited in December 2022.


Magazine:Can you trust crypto exchanges after the collapse of FTX?


Update (Sept. 27 at 6:50 PM UTC): This article has been updated to include Judge Kaplan"s order on an air-gapped latop.# Court# Crimes# Sam Bankman-Fried# FTX# RegulationAdd reactionAdd reactionRead moreWho invented NFTs?: A brief history of nonfungible tokensLatvia central bank opens to fintech with ‘Innovation Hub’How are crypto firms responding to US regulators’ enforcement actions?

News Feed

‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change
‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $2
Italians Love Cash But Are Growing Fond of Crypto, New Stats Suggest
Italians Love Cash But Are Growing Fond of Crypto, New Stats Suggest Italy, one of the world’s largest economies, has faced plenty of financial challenges in the past decad
Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison
Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cry
ORA raises $20M in funding for tokenizing AI models
Ana Paula Pereira6 hours agoORA raises $20M in funding for tokenizing AI modelsORA plans to use the funds to expand its ecosystem, focusing on research and development of oracles and blockchain infrastructure.536 Total v
Biggest Movers: SOL Slips Again as ATOM Drops 10% to Start the Weekend
Biggest Movers: SOL Slips Again as ATOM Drops 10% to Start the Weekend SOL was trading lower to start the weekend, as prices slipped on Saturday. This comes as bears re-entered the
Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K
Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K Cryptocurrency markets have seen intense gains on Wednesday after the paymen
Speechwriter for Former US President George Bush Says BTC Rally Driven by ‘Historically Low Interest Rates’
Speechwriter for Former US President George Bush Says BTC Rally Driven by "Historically Low Interest Rates" A speechwriter for former U.S. President George W. Bu
Web3 Privacy Layer Aztec Raises $100 Million in Series B Funding Round to Produce an Encrypted Version of Ethereum
Web3 Privacy Layer Aztec Raises $100 Million in Series B Funding Round to Produce an Encrypted Version of Ethereum Aztec, a Web3 privacy layer, has raised $100 million in a Series
Andrew Singer10 hours agoCentral banks want to look under crypto’s hood — Is this a positive sign?The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a ta
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance An International Monetary Fund (IMF) division chief and
Analyst Spots Bitcoin Time Bomb Hidden In Bullish Weekly Chart
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
Ezra Reguerra13 hours agoSouth Korea plans to submit bill to freeze North’s crypto assets: ReportThe cybersecurity bill’s latest version reportedly contains ways to “track and neutralize” crypto and digital asset