Sam Bankman-Fried faces legal battles as charges persist.
TL;DR Summary
Sam Bankman-Fried's lawyers argued to dismiss 10 of the 13 fraud charges against him in the case charging him with stealing from customers of his since-defunct FTX cryptocurrency exchange. However, Manhattan federal Judge Lewis Kaplan seemed skeptical of their arguments and called them "extraordinarily imaginative." Bankman-Fried is slated to face trial on Oct. 2 on allegations that he lied to investors and lenders and stole billions of dollars from customer funds to shore up losses of his crypto hedge-fund Alameda Research. He has pleaded not guilty to the charges.
- Judge blasts Sam Bankman-Fried bid to toss fraud charges in FTX cases: 'Extraordinarily imaginative' New York Post
- U.S. withdraws new charges in Sam Bankman-Fried case, punts them to 2024 CNBC
- Prosecutors offer to drop 5 charges against Sam Bankman-Fried if judge sets second trial CNN
- Sam Bankman-Fried arrives at New York City courthouse CNBC Television
- Bitcoin slumps as US to proceed with initial charges against Sam Bankman-Fried Yahoo Finance UK
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