Fun

News Feed - 2023-09-28 09:09:20

Savannah Fortis11 hours agoFTX founder’s plea for temporary release should be denied, prosecution saysSam Bankman-Fried’s renewed request for temporary release from jail before his upcoming trial should be denied, according to the U.S. government.1887 Total views34 Total sharesListen to article 0:00NewsJoin us on social networksThe United States government sent a letter to Judge Lewis Kaplan on Sept. 27 stating that it opposes the motion by Sam Bankman-Fried (SBF) and his representation for temporary release from jail before his Oct. 3 trial. The judge is scheduled to hear arguments from both sides later today.


In its filing, the government asked Kaplan to deny SBF’s request, which was submitted on Sept. 25.


The government said that the defendant’s claims of not being able to “meaningfully participate” in his own defense, which warrants release, “does not outweigh the danger posed by such release conditions in light of the defendant’s prior course of conduct.”


The “danger” is listed as “danger to the community and/or flight.“ It also said the renewed motion “recycles” generalized claims and cited two previous times when the court objected to similar requests.


The first was on Sept. 12 when SBF’s request for immediate release pending trial was denied because of multiple factors.


These included “the defendant’s extensive access to electronic discovery for 7-½ months before his bail was revoked shortly before trial” and the lack of providing any details about specific materials he claims he cannot access, among others.


Related:Sam Bankman-Fried says, ‘I did what I thought was right," in leaked docs: Report


The second instance mentioned was on Sept. 21 when a three-judge panel of the United States Court of Appeals for the Second Circuit denied SBF’s request for release and called the arguments “unpersuasive.”


The prosecution also highlighted that in this second denial, the Court of Appeals also affirmed the conclusion that “there was probable cause to believe that the defendant attempted to tamper with two witnesses in violation of 18 U.S.C. § 1512(b), and specifically that he acted with unlawful intent to influence those witnesses.”


Against this “backdrop,” the government agreed that the renewed motion suffers from the same faults as the first.


Bankman-Fried’s criminal trial in New York City is scheduled for Oct. 3, during which we will face seven fraud-related counts that occurred during his time at FTX and Alameda Research. 


In March 2024, he will be tried for five additional counts in a separate criminal trial. SBF has already pleaded not guilty to all charges.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Deposit risk: What do crypto exchanges really do with your money?# Business# US Government# Department of Justice# Sam Bankman-Fried# FTXAdd reactionAdd reactionRead moreWho invented NFTs?: A brief history of nonfungible tokensStablecoin exodus: Why are investors fleeing crypto’s safe haven?‘Massive’ crypto use cases to surface by 2030 — Coinbase exec

News Feed

JK Rowling Bitcoin Quest: Elon Musk Joins Community to Explain Cryptocurrency to Harry Potter Author
JK Rowling Bitcoin Quest: Elon Musk Joins Community to Explain Cryptocurrency to Harry Potter AuthorHarry Potter author JK Rowling has become inundated with bitcoin insight and cryp
Refinable Launches Gaming Initiative to Support NFT and Play-to-Earn Movement
Refinable Launches Gaming Initiative to Support NFT and Play-to-Earn Movement sponsored Refinable, a leading NFT marketplace, today announced the Refinable Gaming
‘We’ve All Decided Centralized Banking Is Rigged’ — South Park Episode Features a Bitcoin-Only Future
"We’ve All Decided Centralized Banking Is Rigged" — South Park Episode Features a Bitcoin-Only Future South Park’s recent episode called the “Post COVID” s
Billionaire John Paulson Warns Cryptocurrencies Will Be Worthless, Bitcoin Too Volatile to Short
Billionaire John Paulson Warns Cryptocurrencies Will Be Worthless, Bitcoin Too Volatile to Short Billionaire hedge fund manager John Paulson, famed for making a fortune betting aga
Bakkt to Launch Crypto ‘Consumer App’ in First Half of 2020
Bakkt plans to launch a consumer-facing app to help retail customers transact with cryptocurrencies, the company announced Monday. In a blog post, Bakkt chief product officer Mike B
Marcel Pechman10 hours ago3 reasons why Bitcoin price failed to break $37KBitcoin’s latest price pullback to $35,000 was driven by softer U.S. inflation, China’s economic challenges and regulatory uncertainties.4678
Abra settles with fifth state as US operations may be winding down
Derek Andersen2 hours agoAbra settles with fifth state as US operations may be winding downThe platform was part of a targeted campaign by state regulators and promised to stop U.S retail operations last summer.7890 Tota
SEC insists that Coinbase 'just does not like the answer'
Ciaran Lyons4 hours agoSEC insists that Coinbase "just does not like the answer"The United States SEC argues that “having made the weather, Coinbase cannot claim that it is now raining.”1513 Total views18 Total share
XRP Price Prediction: Analyst Gives Reasons For Why $10,000 Is A Feasible Price Target
Este artículo también está disponible en español. Crypto analyst Vincent has given reasons why the XRP price could rally to as high as $10,000 at some point. This comes a
Bank of England’s Andrew Bailey Warns Bitcoin Has No Intrinsic Value, Not a Practical Means of Payment
Bank of England"s Andrew Bailey Warns Bitcoin Has No Intrinsic Value, Not a Practical Means of Payment The governor of the Bank of England, the British central bank, says bitcoin h
Turner Wright8 hours agoTether freezes $225M in USDT linked to romance scammers amid DOJ investigationThe stablecoin issuer reported the illicit funds had been used by a Southeast Asia-based crime syndicate responsible f
US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets
US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence p