FTX founder Sam Bankman-Fried seeks dismissal of indictment

NEW YORK — FTX founder Sam Bankman-Fried sought a dismissal of criminal charges against him in a court filing late Monday, saying prosecutors have improperly made federal crimes out of civil and regulatory issues that resulted from an industrywide collapse of cryptocurrency markets dubbed the “crypto winter.”

They said Bankman-Fried’s non-U.S. FTX company lasted far longer than others in the industry before it entered bankruptcy in November when the global exchange ran out of money after the equivalent of a bank run. A trial is tentatively set for the fall. The original indictment to which Bankman-Fried pleaded not guilty after his December extradition from the Bahamas contained eight vague and non-specific charges against Bankman-Fried, his lawyers said Monday.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indicted FTX founder Sam Bankman-Fried urges court to toss chargesSam Bankman-Fried, who has long denied stealing from customers of his FTX cryptocurrency exchange, on Monday asked a U.S. judge to throw out criminal charges against him over the now-bankrupt FTX's collapse.
Source: Reuters - 🏆 2. / 97 Read more »

FTX founder Sam Bankman-Fried urges court to dismiss chargesFTX founder Sam Bankman-Fried has asked a U.S. judge to throw out several criminal charges against him related to the collapse of FTX last year.
Source: Cointelegraph - 🏆 562. / 51 Read more »