Sam Bankman-Fried denied temporary release ahead of trial

TL;DR Breakdown

  • Sam Bankman-Fried, the former CEO of FTX, won’t be released from prison before his October 3 trial.
  • His claim of poor prison internet hindering trial preparation was dismissed by District Judge Lewis Kaplan.
  • Judge Kaplan suggested alternatives, like using a hard drive, to bypass internet issues.

Description

As the courtroom drama unfolds, the spotlight rests heavily on Sam Bankman-Fried, the ex-FTX chieftain. His dreams of breathing in the open air before his October 3 trial met a brick wall, with the United States District Court ensuring his stay behind bars. Technical Glitches: Not a Ticket Out Bankman-Fried’s defense wasn’t something out of … Read more

As the courtroom drama unfolds, the spotlight rests heavily on Sam Bankman-Fried, the ex-FTX chieftain. His dreams of breathing in the open air before his October 3 trial met a brick wall, with the United States District Court ensuring his stay behind bars.

Technical Glitches: Not a Ticket Out

Bankman-Fried’s defense wasn’t something out of a courtroom drama series – he claimed his prison’s pitiable internet was a handcuff to his trial preparations. It might’ve seemed like a practical point, considering our age’s digital dependency. Still, District Judge Lewis Kaplan wasn’t swayed.

Kaplan tore into Bankman-Fried’s claims, highlighting the lack of specifics regarding what exact material Bankman-Fried couldn’t access and how such inability would truly hamper his defense.

The former FTX mogul’s troubles with the prison’s internet were laid bare in a letter penned by his legal team just days prior, lamenting the agonizing 10-minute wait to merely load a website homepage.

A concern for many in today’s fast-paced world, but Judge Kaplan had a pragmatic solution in mind: Let Bankman-Fried’s lawyers arm him with a hard drive, packed with all the necessary information, bypassing the shackles of an unstable internet connection.

Moreover, Kaplan emphasized that the defense team could seamlessly conduct any database searches on behalf of Bankman-Fried and relay the findings. No more waiting for pages to load, no more excuses.

Perhaps what adds intrigue to this tale is the mysterious absence of any attempt by Bankman-Fried to push back the trial date. With the trial looming large, one would expect a desperate plea for more time, especially given the grievances aired about technological constraints.

Yet, the silence from Bankman-Fried’s camp is deafening, and Kaplan was quick to underscore this notable lack of a postponement request.

A Future Laden with Legal Battles

The road ahead seems rocky for Bankman-Fried. The charges he faces aren’t minor infractions but a staggering 12 criminal counts spread over two distinct trials. And while he’s set to don the defendant’s chair in early October, another trial awaits him in March 2024.

The gravity of these charges remains evident in the very fact that he remains incarcerated despite his pleas. For now, he remains steadfast in his innocence, having pled not guilty to every single charge.

We’re all too familiar with the frustrations of laggy connections and buffering symbols. But the courtroom is no place for sentiment. It’s a realm of facts, proofs, and sharp counterarguments. And as the days count down to the trial, one thing is clear – Bankman-Fried’s fight is far from over.

Whether his plea of innocence stands the test of legal scrutiny remains to be seen. But for now, the message from the courts is clear: a slow internet is no ticket to freedom.

Disclaimer: 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:Sam Bankman-Fried denied temporary release ahead of trial

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9月13日 15:13
Next 2023年9月13日 19:19

Related articles

  • Pepe price analysis: Bullish sentiment drives PEPE market as buying pressure intensifies

    TL;DR Breakdown Pepe price analysis maintains positive momentum despite minor setbacks. Bulls target the $0.000001323 resistance level in the PEPE price surge. PEPE/USD market shows a bullish trend, with potential for further gains. Pepe price analysis shows that the green candle pattern has been driving the PEPE/USD market for a few hours. The most recent surge saw the price climb to a high of $0.000001323 before slightly decreasing in value. Although there may have been some minor bearish pressure on the market, buyers still remain in control and are poised to break through the $0.000001323 resistance level. Pepe price analysis also shows that $0.000001197 is now acting as a support area for the PEPE/USD pair, meaning that buyers can be more confident of holding onto their gains in the short term. The current momentum suggests that bulls are still pushing hard to take the price even higher; currently, the PEPE/USD pair is up 3.09% since the start of the day. Pepe price analysis for 1 day: PEPE follows an uptrend as buying pressure intensifies  The 24-hour chart also shows that…

    Article 2023年6月5日
  • Binance Labs and CoinFund invest $10 million in Neutron smart contract blockchain for the Cosmos ecosystem

    TL;DR Breakdown Binance Labs and CoinFund lead a $10 million investment round for Neutron, a smart contract blockchain within the Cosmos ecosystem. Neutron integrates the Rust programming language into the CosmWasm environment, unlocking the potential of over 50 interconnected app-specific blockchains. Close collaboration with the Cosmos Hub empowers cross-chain, secure, and efficient smart contract applications. Description Binance Labs and CoinFund, prominent venture capital companies, have joined forces in a groundbreaking $10 million initial investment round to foster the development of the Neutron smart contract blockchain within the dynamic Cosmos ecosystem. This ambitious initiative has garnered significant attention from investors, including Delphi Ventures, LongHash, and Nomad, who recognize its potential for reshaping … Read more Binance Labs and CoinFund, prominent venture capital companies, have joined forces in a groundbreaking $10 million initial investment round to foster the development of the Neutron smart contract blockchain within the dynamic Cosmos ecosystem. This ambitious initiative has garnered significant attention from investors, including Delphi Ventures, LongHash, and Nomad, who recognize its potential for reshaping the blockchain landscape. Neutron, an innovative Cosmos-based network, introduces a novel…

    Article 2023年6月24日
  • 7-Eleven launches free Slurpee NFTs for 96th anniversary

    TL;DR Breakdown 7-Eleven is launching free Slurpee NFTs on Polygon Network as part of its celebration as it turns 96 The collectibles are only licensed to the collector and cannot be sold or transferred to a third party Food and drink brands are entering the fast-rising NFT space Description 7-Eleven, a global convenience store franchise, announced that it was launching free Slurpee NFTs on Polygon Network as part of its celebration as it turns 96. The sugary collectible game, available on mobile devices, features a virtual 7-Eleven Slurpee cup with four flavors: Pina Colada, Blue Raspberry, Cherry, and Summertime Citrus. In its press release, … Read more 7-Eleven, a global convenience store franchise, announced that it was launching free Slurpee NFTs on Polygon Network as part of its celebration as it turns 96. The sugary collectible game, available on mobile devices, features a virtual 7-Eleven Slurpee cup with four flavors: Pina Colada, Blue Raspberry, Cherry, and Summertime Citrus. In its press release, the 7-Eleven Executive Vice President, and Chief Marketing & Sustainability Officer, Marissa Jarratt, mentioned that they are always…

    Article 2023年7月13日
  • Genesis extends mediation for the last time, urgency mounts to reach agreement

    TL;DR Breakdown Genesis Global faces insolvency and is racing against time to reach an agreement with creditors. The mediation scheduled to conclude on August 16 is seen as a critical step for Genesis to emerge from bankruptcy. Despite rejection by the official committee of unsecured creditors, the proposed deal enjoys support from major players in the cryptocurrency sector. Description Genesis Global, a cryptocurrency lender facing insolvency, is racing against time to reach an agreement with its creditors. The company’s attorney, Sean O’Neal, informed US Bankruptcy Judge Sean Lane that further extensions would only be sought if progress is made in mediation within the next two weeks. The mediation, set to conclude on August 16, … Read more Genesis Global, a cryptocurrency lender facing insolvency, is racing against time to reach an agreement with its creditors. The company’s attorney, Sean O’Neal, informed US Bankruptcy Judge Sean Lane that further extensions would only be sought if progress is made in mediation within the next two weeks. The mediation, set to conclude on August 16, is seen as a critical step for Genesis…

    Article 2023年8月4日
  • Hope for investors as Voyager Digital gets green light to repay frozen funds

    TL;DR Breakdown The courts give the green light to Voyager Digital to begin making payments from the frozen funds. Judge Michael Wiles authorized Voyager’s liquidation procedures roughly a month after Binance pulled out of the purchase agreement. Voyager has about $630 million to repay around $1.8 billion in customer claims. According to reports, insolvent crypto brokerage Voyager Digital Holdings Inc. has been granted permission by a court to begin winding down its operations.  During this period, the exchange will return a portion of customers’ crypto held on its platform since last year. Voyager Digital, once a prominent name in the crypto brokerage industry, filed for bankruptcy, leaving thousands of investors uncertain about the fate of their investments. With an estimated payout of only 35% for affected customers, the collapse of Voyager Digital has sent shockwaves through the crypto community. The rise and fall of Voyager Digital Voyager Digital, a pioneering crypto brokerage firm, had enjoyed substantial success in recent years, catering to a growing demand for digital asset trading. With a robust platform and a promise of superior service, Voyager…

    Article 2023年5月18日
TOP