Less than four months until SBF's trial, crucial evidence is still missing.
An allegation has been raised by Sam Bankman-Fried, the former CEO of crypto exchange FTX, about prosecutors' delayed submission of crucial evidence in his fraud case.
The trial date, less than four months away, might be jeopardized due to the late arrival of significant evidence Bankman-Fried's legal team voiced their concerns in a letter to United States District Judge Lewis A. Kaplan on June 5th.
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The electronic content from five devices, originally scheduled for delivery at the end of March, was yet to be received by the defense. The devices include an iPhone and a laptop belonging to ex-Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang's laptop. The defense team's worry is articulated in the letter:
The late arrival of such substantial and important discovery might interfere with the defense's readiness for trial.
Unless the late-arriving discovery warrants it, Bankman-Fried prefers not to postpone the trial date, and additional motions may be put forward. The prosecution's failure to deliver information related to FTX's debtors was also highlighted in the letter.
These late arrivals collectively impair the defense's ability to adequately prepare for the trial.
A hefty amount of documents, totaling over 3.6 million and over 10 million pages, are reportedly missing.
The tale of Bankman-Fried's legal woes, coupled with FTX's attempts to navigate its financial hardships brings to light the complexities and challenges in the rapidly evolving digital asset landscape.