NEW YORK : A U.S. judge is expected on Friday to consider what restrictions Sam Bankman-Fried should face while free on bail, and whether the FTX cryptocurrency exchange founder's Oct. 2 fraud trial should be pushed back.Bankman-Fried is fighting to stay out of jail after U.S. District Judge Lewis Kaplan
NEW YORK : A U.S. judge is expected on Friday to consider what restrictions Sam Bankman-Fried should face while free on bail, and whether the FTX cryptocurrency exchange founder's Oct. 2 fraud trial should be pushed back.
Federal prosecutors in Manhattan have charged Bankman-Fried with perpetrating an"epic" fraud by stealing billions of dollars in FTX customer funds to plug losses at Alameda Research, his hedge fund. Late last month, prosecutors added new fraud and conspiracy charges against Bankman-Fried over the November collapse of his now-bankrupt exchange, meaning he now faces 12 charges. He had pleaded not guilty to the original eight charges in January.
They also said prosecutors had not yet handed over evidence from electronic devices belonging to former Alameda CEO Caroline Ellison and former FTX technology chief Gary Wang.
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