FTX Founder Sam Bankman-Fried Seeks Dismissal of Indictment.

Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, has asked a US judge to dismiss 10 of the 13 criminal charges against him, claiming that prosecutors charged him with "troubling" haste. Bankman-Fried's lawyers argued that FTX was not the only cryptocurrency company to collapse during a broad market crash in 2022 and that prosecutors hastily charged their client in a "rush to judgment." Federal prosecutors in Manhattan have charged Bankman-Fried with fraud and conspiracy, alleging that he misled FTX investors and lenders and stole billions of dollars in customer funds to plug losses at Alameda, his crypto-focused hedge fund.