Sam Bankman-Fried is in talks with U.S. prosecutors to resolve a dispute over the FTX cryptocurrency exchange founder's bail conditions, his lawyer said on Thursday.
"The parties would like to continue these discussions, which we are optimistic will lead to an agreement between the parties in the next few days and eliminate the need for further litigation," Cohen wrote, noting that prosecutors consented to the request.Once worth an estimated $26 billion, Bankman-Fried wasProsecutors have said he looted billions of dollars in FTX customer funds to plug losses at Alameda. Two former colleagues have pleaded guilty and are cooperating with prosecutors.
Bankman-Fried has acknowledged risk management failures, but said FTX collapsed because of a liquidity crunch and that heOur Standards:
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