{"id":549583,"date":"2023-08-31T15:00:59","date_gmt":"2023-08-31T15:00:59","guid":{"rendered":"https:\/\/wncen.com\/?p=549583"},"modified":"2023-08-31T12:24:53","modified_gmt":"2023-08-31T12:24:53","slug":"ftx-sam-bankman-fried-trial","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ftx-ftt-bankman\/ftx-sam-bankman-fried-trial\/","title":{"rendered":"FTX Sam Bankman-Fried\u2019s October Trial Date No Longer A Sure Thing"},"content":{"rendered":"

Disgraced FTX Founder <\/span>Sam Bankman-Fried\u2019s<\/span><\/a> (SBF) trial is set to begin on October 3. However, a recent development suggests that his trial date could be pushed back.\u00a0<\/span><\/p>\n

Judge Kaplan Could Delay FTX Founder Trial Date<\/h2>\n

According to a Reuters <\/span>report<\/span><\/a>, Judge Lewis Kaplan, the judge in charge of SBF\u2019s case, said he could consider delaying the trial slated for October 3 to give SBF and his lawyers more time to review discovery documents and prepare their defense.\u00a0<\/span><\/p>\n

Related Reading: GBTC Shares See Volumes Climb To 2-Year High Amid Grayscale\u2019s Victory Lap<\/a><\/div>\n

Judge Kaplan told SBF\u2019s lawyers they could ask for a postponement if they needed more time. However, he clarified that there is no guarantee that he would grant it as the defendant must prove there is \u201ca need\u201d to postpone the trial date. To prove this, they must go beyond just stating the number of discovery materials they need to review. According to the Judge, there has to be \u201cmore meat on those bones.\u201d<\/span><\/p>\n

A virtual hearing had taken place on August 30 to rule on the pending requests by the FTX founder’s lawyers. They had earlier <\/span>asked<\/span><\/a> that the government be precluded from using certain documents as evidence when the trial commences.\u00a0<\/span><\/p>\n

The defense counsel had <\/span>alleged<\/span><\/a> the government had produced \u201can additional 4 million pages of discovery\u201d on August 24, which they believe their client won\u2019t be able to finish reviewing before his trial begins.<\/span><\/p>\n

However, the judge denied this request, <\/span>noting<\/span><\/a> that the government had clarified that they would obtain information continuously.\u00a0<\/span><\/p>\n

Interestingly, before his <\/span>bail was revoked<\/span><\/a>, SBF had access to the Google documents, which form part of the documents the defense asks to be precluded as evidence. The judge stated that the defense\u2019s alleged \u201cdeluge of documents\u201d was \u201cseriously exaggerated.\u201d<\/span><\/p>\n

SBF and his lawyers will have to file a motion by the end of this week if they intend to ask for a postponement. The Judge also suggested that any postponement would likely move the trial date to March 11, 2024, subject to approval by the Bahamas government.\u00a0<\/span><\/p>\n

\"FTX<\/p>\n

FTT token struggles at $1.033 | Source: FTTBUSD on Tradingview.com<\/a><\/pre>\n
Lawyers Ask For Temporary Release For Sam Bankman-Fried<\/h2>\n
During the hearing, SBF\u2019s lawyers asked for a <\/span>temporary release for their client<\/span><\/a>, stating that they had no faith in the provisions the government had made for SBF.<\/span><\/p>\n
Related Reading: Bitcoin Insider Trading Suspicions Take Root Following Grayscale Win, What\u2019s Happening?<\/a><\/div>\n
Meanwhile, the prosecutors <\/span>argued<\/span><\/a> that they had made enough provisions for SBF as he had 70 hours a week to do discovery. Furthermore, his lawyers were allowed to visit him seven days a week, and they provided him with a laptop that he could use every day from about 8 AM to 7 PM<\/span><\/p>\n
Judge Kaplan stated he wasn\u2019t going to rule on the defendant\u2019s application just yet and asked for a joint report to be presented to him by September 5 as to the \u201cexact situation\u201d at the Brooklyn Metropolitan Detention Center (MDC) where SBF is being held.<\/span><\/p>\n
Featured image from Bloomberg, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Disgraced FTX Founder Sam Bankman-Fried\u2019s (SBF) trial is set to begin on October 3. However, a recent development suggests that his trial date could be pushed back.\u00a0 Judge Kaplan Could Delay FTX Founder Trial Date According to a Reuters report, Judge Lewis Kaplan, the judge in charge of SBF\u2019s case, said he could consider delaying the trial slated for October 3 to give SBF and his lawyers more time to review discovery documents and prepare their defense.\u00a0 Related Reading: GBTC Shares See Volumes Climb To 2-Year High Amid Grayscale\u2019s Victory Lap Judge Kaplan told SBF\u2019s lawyers they could ask for a postponement if they needed more time. However, he clarified that there is no guarantee that he would grant it as the defendant must prove there is \u201ca need\u201d to postpone the trial date. To prove this, they must go beyond just stating the number of discovery materials they need to review. According to the Judge, there has to be \u201cmore meat on those bones.\u201d A virtual hearing had taken place on August 30 to rule on the pending requests by the FTX founder’s lawyers. They had earlier asked that the government be precluded from using certain documents as evidence when the trial commences.\u00a0 The defense counsel had alleged the government had produced \u201can additional 4 million pages of discovery\u201d on August 24, which they believe their client won\u2019t be able to finish reviewing before his trial begins. However, the judge denied this request, noting that the government had clarified that they would obtain information continuously.\u00a0 Interestingly, before his bail was revoked, SBF had access to the Google documents, which form part of the documents the defense asks to be precluded as evidence. The judge stated that the defense\u2019s alleged \u201cdeluge of documents\u201d was \u201cseriously exaggerated.\u201d SBF and his lawyers will have to file a motion by the end of this week if they intend to ask for a postponement. The Judge also suggested that any postponement would likely move the trial date to March 11, 2024, subject to approval by the Bahamas government.\u00a0 FTT token struggles at $1.033 | Source: FTTBUSD on Tradingview.com Lawyers Ask For Temporary Release For Sam Bankman-Fried During the hearing, SBF\u2019s lawyers asked for a temporary release for their client, stating that they had no faith in the provisions the government had made for SBF. Related Reading: Bitcoin Insider Trading Suspicions Take Root Following Grayscale Win, What\u2019s Happening? Meanwhile, the prosecutors argued that they had made enough provisions for SBF as he had 70 hours a week to do discovery. Furthermore, his lawyers were allowed to visit him seven days a week, and they provided him with a laptop that he could use every day from about 8 AM to 7 PM Judge Kaplan stated he wasn\u2019t going to rule on the defendant\u2019s application just yet and asked for a joint report to be presented to him by September 5 as to the \u201cexact situation\u201d at the Brooklyn Metropolitan Detention Center (MDC) where SBF is being held. Featured image from Bloomberg, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":549587,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87361],"tags":[71704,84460,89271,89272,83748,89273,87382,89274],"class_list":["post-549583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ftx-ftt-bankman","tag-ftx","tag-ftx-exchange","tag-ftx-founder","tag-ftx-news","tag-sam-bankman-fried","tag-sam-bankman-fried-news","tag-sbf","tag-sbf-news"],"acf":[],"yoast_head":"\nFTX Sam Bankman-Fried\u2019s October Trial Date No Longer A Sure Thing<\/title>\n<meta name=\"description\" content=\"Recent development suggests that disgraced FTX Founder Sam Bankman-Fried\u2019s (SBF) trial date could be pushed back.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"FTX Sam Bankman-Fried\u2019s October Trial Date No Longer A Sure Thing","url":"http:\/\/wncen.com\/news\/ftx-ftt-bankman\/ftx-sam-bankman-fried-trial\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ftx-ftt-bankman\/ftx-sam-bankman-fried-trial\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Sam-Bankman-Fried-FTX.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Sam-Bankman-Fried-FTX.jpeg?fit=2000%2C1334"},"articleSection":"FTX, FTT and Sam Bankman Fried","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ftx","ftx exchange","ftx founder","ftx news","sam bankman-fried","sam bankman-fried news","sbf","sbf news"],"dateCreated":"2023-08-31T15:00:59Z","datePublished":"2023-08-31T15:00:59Z","dateModified":"2023-08-31T15:00:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"FTX Sam Bankman-Fried\\u2019s October Trial Date No Longer A Sure Thing\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ftx-ftt-bankman\\\/ftx-sam-bankman-fried-trial\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ftx-ftt-bankman\\\/ftx-sam-bankman-fried-trial\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Sam-Bankman-Fried-FTX.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Sam-Bankman-Fried-FTX.jpeg?fit=2000%2C1334\"},\"articleSection\":\"FTX, FTT and Sam Bankman Fried\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ftx\",\"ftx exchange\",\"ftx founder\",\"ftx news\",\"sam bankman-fried\",\"sam bankman-fried news\",\"sbf\",\"sbf news\"],\"dateCreated\":\"2023-08-31T15:00:59Z\",\"datePublished\":\"2023-08-31T15:00:59Z\",\"dateModified\":\"2023-08-31T15:00:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/Sam-Bankman-Fried-FTX.jpeg?fit=2000%2C1334","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549583"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=549583"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/549587"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=549583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=549583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=549583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}