FTX Founder Sam Bankman-Fried Seeks Temporary Release Ahead of Trial!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Sam Bankman-Fried, founder of failed crypto exchange FTX, has once again asked to be temporarily released from jail ahead of his trial next month. His lawyers argue that it is necessary for the preparation of his defense. Bankman-Fried’s defense team has repeatedly sought to have him temporarily released to review documents before the trial, but the Department of Justice has opposed the move. Bankman-Fried faces multiple charges, including fraud, and could face over 100 years in prison if convicted. Last week, Judge Lewis Kaplan blocked certain witnesses from Bankman-Fried’s trial.

Source: https://coinpedia.org/crypto-live-news/ftx-founder-sam-bankman-fried-seeks-temporary-release-ahead-of-trial/