FTX Founder Sam Bankman-Fried Faces Trial Delay and Tech Challenges

1 min read
Source: Reuters
FTX Founder Sam Bankman-Fried Faces Trial Delay and Tech Challenges
Photo: Reuters
TL;DR Summary

The fraud trial of Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, may be delayed as his lawyers argue that he needs more time to review millions of pages of evidence. Bankman-Fried, who has pleaded not guilty to fraud and conspiracy charges, was jailed in August after being accused of tampering with witnesses. The judge is considering a five-month delay and suggested combining the trial with another scheduled trial in March 2024. Bankman-Fried's lawyers claim he is not being given enough time to prepare for trial, while the prosecution argues that they have acted in good faith.

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