FTX Founder Sam Bankman-Fried Fights Indictment with Dismissal Request

FTX founder Sam Bankman-Fried has filed a court motion seeking dismissal of criminal charges against him, arguing that prosecutors have improperly made federal crimes out of civil and regulatory issues that resulted from an industrywide collapse of cryptocurrency markets. Bankman-Fried's lawyers also sought dismissal of portions of the indictment on other grounds, including with arguments that some charges duplicated others. The U.S. government had a "dramatic - and troubling" response to a broad market crash in cryptocurrency last year that affected every corner of the market, they said.