SBF Asks To Be Released Five Days a Week To Prepare for Defense
According to Bloomberg News on August 19th, former CEO of FTX, SBF, requested to be released for five days every week to prepare for his defense case. SBF's lawyer, Christian Everdell, stated that it is necessary to allow SBF to meet with his lawyers and use a laptop with internet access in court to expedite the litigation process.
Prosecutors reveal evidence against FTX founder in crypto exchange collapse case
Prosecutors have revealed evidence they plan to use against SBF, founder of FTX, in relation to the November collapse of his crypto exchange. The evidence includes personal notes from Caroline Ellison, former CEO of his trading firm, Alameda Research, and his ex-girlfriend. Ellison's documents will be used to prove that SBF directed employees to illegally use FTX customer funds to plug holes in Alameda's balance sheet. <br>
Crypto Lawyer Raises Alarming Questions About Role of SBF's Parents in FTX Collapse
Crypto lawyer John Deaton has raised concerns about the involvement of SBF's parents in the collapse of FTX last year. Deaton has highlighted instances where SBF's parents benefited financially from the crypto exchange before its bankruptcy, leading to suspicions of their involvement in the alleged fraud. SBF had transferred $10 million to an FTX account under his name, which he then gifted to his father, Joseph Bankman, taking advantage of a lifetime estate and gift tax exemption. <br>
SEC Chairman May Become Witness in SBF Political Donation Case
According to American lawyer MetaLawMan's tweet, the US Department of Justice's new indictment against SBF alleges that SBF lobbied members of Congress and other senior government officials to promote cryptocurrency regulation, which benefits his business and personal interests. This may make SEC Chairman Gary Gensler a witness in the case, which would mean that SBF's lawyers will be able to question Gensler in court.
SBF Defense Legal Team Asks Federal Judge To Allow Antidepressants in Prison
August 15th, according to Cointelegraph's report, in order to conduct criminal defense, SBF's defense legal team has requested that the federal judge allow this former CEO of FTX to take antidepressants in prison.
The U.S. Department of Justice updates the indictment against SBF, saying it illegally embezzled more than $100 million in campaign donations
A public regulatory document showed that the US Department of Justice has filed an updated superseding indictment against SBF. According to the Department of Justice, SBF illegally misappropriated over $100 million in campaign donations.
Sam Bankman-Fried Jailed Ahead of Trial
Bankman-Fried was accused of leaking former Alameda Research CEO Caroline Ellison's diary to the New York Times.
SBF attorney says plans to appeal
Sam Bankman-Fried, former CEO of FTX, is about to go to jail because a federal judge at the Southern District of New York courthouse decided to revoke his bail during a hearing. SBF's lawyer told Judge Lewis Kaplan that they plan to appeal.
It is reported that SBF will be transferred to a New York prison while awaiting his criminal trial scheduled for October 2.
Former FTX Chief Sam Bankman-Fried Rumored to be Cooperating with Department of Justice on Crypto-Related Investigations
Speculation is rife on Crypto Twitter that former FTX chief Sam Bankman-Fried (SBF) may be cooperating with the Department of Justice (DoJ) on various ongoing and pending crypto-related investigations. This comes after SBF was seen walking near the office of the Southern District New York DoJ, with many suggesting that he may have turned state's evidence.
Going Infinite: the Rise and Fall of a New Tycoon - Michael Lewis' Book on Sam Bankman-Fried and the Collapse of FTX Crypto Exchange
Bestselling author Michael Lewis has nearly completed his book on Sam Bankman-Fried and the collapse of FTX crypto exchange, titled "Going Infinite: the Rise and Fall of a New Tycoon." Lewis stumbled upon the subject of Bankman-Fried in late 2021 and plans to release the book around the time of SBF's criminal trial in October. Lewis was close to finishing the book before FTX imploded in November 2022, adding an entirely new angle to the story. He has interviewed anyone from SBF's inner circle and employees to government officials in both the Bahamas and the U.S. and aims for the book to read like a piece of fiction.
