March 21, 2023

‘s attorneys have requested a delay in his criminal trial, citing the need for more time to review evidence and prepare a defense. The former crypto billionaire is facing 12 counts of fraud and conspiracy charges, with four new charges added last month.

According to Reuters, Bankman-Fried’s lawyers sent a letter to U.S. District Judge Lewis Kaplan stating that federal prosecutors in Manhattan had yet to provide evidence. They were collecting data from devices belonging to former Alameda CEO Caroline Ellison and former FTX technology chief Gary Wang, previously SBF’s closest associates.

The delay in the trial could also give Bankman-Fried’s attorneys time to challenge the credibility of the witnesses. The former associates could be called to testify against him, and their testimony could be crucial in determining his guilt or innocence.

Bankman-Fried pleaded not guilty to the charges in January following his arrest in December. The trial is currently scheduled for October 2, but it remains to be seen whether it will be delayed. The case has garnered significant attention in the crypto community, with many watching closely to see how it will play out.

Leave a Reply

Your email address will not be published. Required fields are marked *