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These included “the defendant’s extensive access to electronic discovery for 7-½ months before his bail was revoked shortly before trial” and the lack of providing any details about specific materials he claims he cannot access, among others.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

Jed McCaleb’s Ripple Stash Down to 81 Million — Co-Founder’s XRP Cache Likely to Dry Up This Year
Jed McCaleb"s Ripple Stash Down to 81 Million — Co-Founder"s XRP Cache Likely to Dry Up This Year After selling billions of xrp tokens since 2014, the former Ripple Labs executiv
CoinGecko enables access to on-chain DEX data via API
Ezra Reguerra11 hours agoCoinGecko enables access to on-chain DEX data via APIThe new update expands CoinGecko’s API coverage to 2.2 million tokens across 2.5 million liquidity pools.979 Total views25 Total sharesListe
Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA’s Market Price
Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA"s Market Price On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have
Solana ‘Still Wants Lower’ As Meme Coins Face A Major Shakeout – Analyst
Este artículo también está disponible en español. Solana has faced significant downward pressure in the past few days, dropping over 15% as the broader crypto market expe
Helen Partz10 hours agoBrazilian crypto streamer loses money by accidentally exposing private keyThe risks of cryptocurrency self-custody are real and should not be underestimated, as the private key can be stolen, destr
Large Bitcoin Futures Gap Causes Temporary Trading Pause, ETH Open Interest Hits All Time High
Large Bitcoin Futures Gap Causes Temporary Trading Pause, ETH Open Interest Hits All Time High CME Group temporarily paused trading of bitcoin futures after the
Palau partners with Soramitsu on blockchain-based bond platform
Derek Andersen6 hours agoPalau partners with Soramitsu on blockchain-based bond platformThe Pacific island nation, with a population of 18,000, is a leader in the implantation of blockchain technology.839 Total views3 To
Wallex: The Rainbow in The European Grey Zone
Wallex: The Rainbow in The European Grey Zone The evolution of new digital technologies has created a new shift in the value proposition for financial products a
Bitcoin Bottom In Sight As Trump Expected To Soften Stance On Reciprocal Tariffs: 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
Bitcoin, Ethereum Technical Analysis: BTC Volatility Continues Heading Into the Weekend
Bitcoin, Ethereum Technical Analysis: BTC Volatility Continues Heading Into the Weekend Following a strong start to the week, crypto markets are submerged under a red wave as we he
The Many Facts Pointing to Wei Dai Being Satoshi
The Many Facts Pointing to Wei Dai Being Satoshi Satoshi Nakamoto has been an enigma for well over a decade and there’s been a number of suspects and self-styled Bitcoin in
Ethereum Must Stay Above $2,480 For This Bullish Signal To Hold True – Analyst
Este artículo también está disponible en español. Ethereum (ETH) exhibited a dual-phased market movement in the last week rising by over 9% to reach a local peak of $2,71