FTX’s Bankman-Fried (SBF) needs vital medications in prison

TL;DR Breakdown

  • FTX’s founder, Sam Bankman-Fried, urgently requires his depression and ADHD medications while in custody.
  • Legal representatives have petitioned U.S. District Judge Lewis Kaplan, highlighting the criticality of continuing the medication regimen.
  • Bankman-Fried, having denied allegations of embezzling FTX funds, was recently moved to Metropolitan Detention Center, with only a limited supply of his medicines.

Description

FTX’s Sam Bankman-Fried is amidst a pressing situation during his detention. As first revealed by Reuters, the founder of the beleaguered cryptocurrency firm urgently needs access to his depression and ADHD medications while in custody. His lawyers made a resolute plea on Monday to ensure these medical essentials are delivered ahead of his imminent fraud … Read more

FTX’s Sam Bankman-Fried is amidst a pressing situation during his detention. As first revealed by Reuters, the founder of the beleaguered cryptocurrency firm urgently needs access to his depression and ADHD medications while in custody. His lawyers made a resolute plea on Monday to ensure these medical essentials are delivered ahead of his imminent fraud trial.

FTX’s founder’s medication essentials

FTX’s Bankman-Fried and his legal team submitted a letter to U.S. District Judge Lewis Kaplan, imploring that the Metropolitan Detention Center (MDC) in Brooklyn facilitate their client with his daily Emsam skin patch. This medication is a treatment for depression. Additionally, they are asking for three to four daily doses of Adderall, a drug designed to manage ADHD. The former billionaire, now 31, has depended on these treatments for five and three years, respectively.

The legal counsel for FTX’s founder stressed the paramount importance of continuing this medication schedule. Without it, Bankman-Fried’s well-being could be critically compromised, thereby hampering his capability to be an active participant in his defense. This concern is reinforced by a letter from his psychiatrist, which was presented to the court.

Judge Kaplan, last Friday, upon uncovering hints of potential witness interference, chose to transfer Bankman-Fried to the MDC. This move left him with a minimal amount of his medicines, sufficient only for a limited duration, a point underscored by his lawyers.

Bankman-Fried has staunchly refuted claims of siphoning billions from FTX to counterbalance the losses at his Alameda Research hedge fund. Up until the latest shift in circumstances, he was majorly confined to his parents’ house in Palo Alto, California, with a staggering $250 million bond acting as surety, post his December extradition from the Bahamas, where FTX had established its headquarters.

A poignant moment in a Bahamian court encapsulated the gravity of his medical needs. After being detained at the lavish Albany resort where he was staying, during an initial hearing, FTX’s founder had to momentarily step out to adjust his Emsam patch, shedding light on the criticality of his medical regimen.

The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:FTX’s Bankman-Fried (SBF) needs vital medications in prison

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月15日 08:05
Next 2023年8月15日 09:44

Related articles

  • Aptos price analysis: Bearish momentum brings APT down to $8.45 as selling pressure mounts

    TL;DR Breakdown Aptos price analysis is bearish Resistance for APT is present at $8.62 Support for the coin is present at $8.24 The latest Aptos price analysis shows signs of a strong downtrend, as the price curve shows a downward movement for the day. The selling pressure is mounting, and the coin has dropped to a low of $8.45. The resistance present at the level of $8.62 could not hold the bearish momentum, and APT eventually broke through this barrier. The bullish momentum was in the market in the past few hours, but the selling pressure is greater and has managed to push down the price. APT/USD 1-day price chart: Cryptocurrency faces further downside as price falls below $8.62 The bearish trend is taking over the market as Aptos price analysis value underwent a marked decline in the last few hours. The support present around the $8.24 level has not been able to hold up the price and has further dropped by 2%. It is expected that a further downside correction may occur in the coming hours as APT continues…

    Article 2023年6月2日
  • XRP’s U.S. adoption hindered by SEC lawsuit, claims Pro-XRP lawyer John E Deaton

    TL;DR Breakdown Pro-XRP lawyer John E Deaton claims the XRP token lost nearly three years of U.S. adoption due to the SEC’s lawsuit against Ripple in December 2020. Ripple’s CEO, Brad Garlinghouse, supports Coinbase’s move, seeing potential for the USDC ecosystem’s growth. Deaton stresses that MoneyGram and Coinbase determined XRP was not a security, contrasting with the SEC’s later lawsuit against Ripple. Description In a recent statement on X (formerly Twitter), pro-XRP lawyer John E Deaton claimed that the XRP token had lost nearly three years of adoption in the United States. This setback is attributed to the United States Securities and Exchange Commission’s (SEC) lawsuit against Ripple, filed in December 2020. Deaton’s remarks highlight the impact of … Read more In a recent statement on X (formerly Twitter), pro-XRP lawyer John E Deaton claimed that the XRP token had lost nearly three years of adoption in the United States. This setback is attributed to the United States Securities and Exchange Commission’s (SEC) lawsuit against Ripple, filed in December 2020. Deaton’s remarks highlight the impact of the SEC’s actions on…

    Article 2023年8月23日
  • US dollar will lose dominance, but will yuan ever actually take its place?

    TL;DR Breakdown Economist Paul Krugman acknowledges a global trend of de-dollarization, but asserts the U.S. dollar’s dominance is stable. The drop in dollar’s share in central bank reserves is due to diversification into smaller currencies, not to a shift towards significant rivals. Despite China’s economic power, Krugman doubts the Chinese yuan will replace the U.S. dollar due to factors like limited use of Mandarin and China’s capital controls. Description With the shifting economic currents stirring the debate on the future of the U.S. dollar, one question persistently surfaces: Will the Chinese yuan eventually assume the dollar’s throne? While the notion of the dollar’s downfall continues to gain traction, celebrated economist and Nobel laureate, Paul Krugman, proposes a comprehensive examination of this matter. The persistence … Read more With the shifting economic currents stirring the debate on the future of the U.S. dollar, one question persistently surfaces: Will the Chinese yuan eventually assume the dollar’s throne? While the notion of the dollar’s downfall continues to gain traction, celebrated economist and Nobel laureate, Paul Krugman, proposes a comprehensive examination of this matter….

    Article 2023年7月19日
  • Nasdaq Lauds Ripple-Metaco Acquisition, Fueling Speculation of Future IPO

    TL;DR Breakdown Ripple’s acquisition of Metaco for $250 million strengthens its presence in the European Union and aligns with its vision of disrupting the payments ecosystem. Nasdaq’s recognition of Ripple’s acquisition hints at potential future prospects and adds credibility to Ripple’s potential IPO plans. In a notable development within the crypto industry, Ripple Labs Inc, the blockchain payments firm, recently acquired Metaco, a Swiss-based institutional asset custody, trading, and DeFi-focused company. This acquisition, which garnered significant attention, has caught the eye of the prominent Wall Street brokerage platform Nasdaq Global Select Market. Nasdaq’s congratulations to Ripple on the Metaco acquisition have raised speculation about Ripple’s potential Initial Public Offering (IPO). This article explores the implications of Nasdaq’s recognition and delves into the conditions Ripple must fulfill to go public. Nasdaq’s recognition of Ripple’s acquisition not only signifies the significance of the deal within the industry but also raises speculation about Ripple’s potential IPO. As a renowned platform for publicly traded firms, Nasdaq’s acknowledgment adds credibility to Ripple’s growth prospects and could potentially attract more attention from investors. This recognition further…

    Article 2023年6月1日
  • Here’s the crypto market as the weekend effect kicks in – BTC above $26K

    TL;DR Breakdown The historical crypto weekend is early for traders as fears of digital assets price dump swirl in the market. The United States economic state continue to play a major role in the crypto industry with investors staying clear of risky investments. The arguments on when the bull run will start continue to be divided among crypto market analysts. Description As the weekend approaches, the crypto market is showing a remarkable uptick, exemplified by Bitcoin (BTC) surging close to the $26,000 mark. Traditionally, the weekend has been a time when trading volumes are lower, but volatility can spike, creating lucrative opportunities for both retail and institutional investors.  This phenomenon, widely known as the “weekend effect,” … Read more As the weekend approaches, the crypto market is showing a remarkable uptick, exemplified by Bitcoin (BTC) surging close to the $26,000 mark. Traditionally, the weekend has been a time when trading volumes are lower, but volatility can spike, creating lucrative opportunities for both retail and institutional investors.  This phenomenon, widely known as the “weekend effect,” seems to be in full swing,…

    Article 2023年9月9日
TOP