Thu, November 14

FTX Founder SBF Seeks Partial Jail Release for Defense Preparation

Caroline Ellison to Testify Against SBF in Fraud Trial This Week Exchange News
  • Lawyers for SBF wrote to US District Judge Lewis Kaplan on Friday.
  • The prosecution has indicated that they can provide SBF with data on removable media.

FTX founder Sam Bankman-Fried (SBF) has asked to be released from jail for five days every week so that he and his attorneys may prepare their defense after the DOJ revoked his bail a week ago.

Lawyers for SBF wrote to US District Judge Lewis Kaplan on Friday to complain that their client’s imprisonment at the Metropolitan Detention Center in Brooklyn prevented him from examining the massive document pileup in the case.

Attorney Christian Everdell of SBF stated:

“Just last week the government produced three-quarters of a million pages of Slack communications, which were supposed to be produced months ago, that Mr. Bankman-Fried will have no hope of reviewing under this schedule”.

Preparation Ahead of Fraud Trial

Everdell argued that the proceedings would go more quickly if SBF were allowed to bring his legal team and use an internet-connected laptop inside the courtroom. The attorney says this is very important since his fraud trial starts in October.

Prosecutors were dissatisfied and told the court in a letter late on Friday that SBF had not supplied sufficient details about his defense strategy. The prosecution argued that this defense should be excluded from the trial unless SBF quickly provides specifics about the counsel he received and its source.

Moreover, the prosecution has indicated that they can provide SBF with data on removable media. The prosecution considered relocating Bankman-Fried to a more remote location upstate at first. He may access the internet on a laptop computer there. However, the jail administration did not agree with this plan and rejected it.

Highlighted Crypto News Today:

Shytoshi Kusama Provides Key Update on Scalability of Shibarium

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.