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Ex-FTX CEO Bankman-Fried Expresses Discontent Over Delayed Evidence Submissions

Ex-FTX CEO Bankman-Fried Expresses Discontent Over Delayed Evidence Submissions

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.

Multiple fraud accusations, allegations of unlawful political donations, and bribes to the Chinese government are some of the charges Bankman-Fried is set to face in court on October 2nd.

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 mastermind behind FTX was arrested in December 2022 in the Bahamas. Shortly after his arrest, the man was extradited to the United States and released on a $250M bond signed by his parents.

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.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.



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