Indicted FTX founder Sam Bankman-Fried said prosecutors charged him with “troubling” haste and asked a US judge to throw out 10 of the 13 criminal counts against him.
, said prosecutors charged him with “troubling” haste and asked a US judge to throw out 10 of the 13 criminal counts against him. was far from 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.”
Bankman-Fried, a 31-year-old former billionaire, rode a boom in Bitcoin and other digital assets to accumulate an estimated net worth of $26 billion and became an influential political and philanthropic donor before FTX declared bankruptcy in November.The exchange imploded after a flurry of customer withdrawals in the wake of reports it had commingled assets with Alameda Research, Bankman-Fried’s crypto-focused hedge fund.
“The FTX Debtors have worked so extensively with the Government, and are so enmeshed in the investigation, analysis, and strategy of the Government’s case, that they must be considered part of the ‘prosecution team’,” his lawyers wrote.
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