A federal judge has denied Sam Bankman-Fried’s motion for temporary release on bail, suggesting that he could face “a very long sentence” if found guilty of the charges. Bankman-Fried’s attorneys have argued for his release, citing his clean criminal record, but the judge was unconvinced.
Federal prosecutors argue that the founder of cryptocurrency trading platform FTX should not be granted his plea to be released pending his trial, citing “a high risk of flight and danger to the community.”
SBF Lawyers have requested for the temporary release of their client, citing a difficult challenge of reviewing 4 million pages of newly presented evidence. As the case continues, legal experts remain poised for further developments.
Sam Bankman-Fried’s defense team is ramping up calls for the urgent release of their client ahead of his trial in October. Bankman-Fried’s lawyers argue that a ‘temporary release’ is necessary to ensure a fair trial.
Sam Bankman-Fried’s legal team has requested his temporary release in the face of prosecutors proposing a potential deal. Bankman-Fried’s lawyers object to the terms of the proposed agreement, citing lack of due process as a key reason for their appeal.