FTX Founder SBF appears in court in the US: Denies All Charges

Sam Bankman-Fried (SBF), the founder of the bankrupt cryptocurrency exchange FTX, denied all charges against him at his first hearing in the US. The next hearing will take place in October.

FTX founder SBF in Court for the Southern District of New York January 3 At the hearing held on 115 years for 8 separate crimes sentenced to imprisonment. SBF, who pleaded not guilty in court, 250 million the names of his two sponsors, who will cover most of his $500 bail. to keep secret demanded. This request was granted by Judge Lewis Kaplan. accept was done.

Assistant U.S. Attorney General attending on behalf of the government Danielle sassoon, the prosecution’s discovery of evidence to the court in the coming weeks large extent to be completed He said he was waiting. Over the next few weeks, the government’s access to materials will be processed Sassoon said that in these materials, FTX’s bankruptcy lawyers by shared documents also stated that.

Sassoon is also out of court. bail of the conditions in to change demanded. Authorized, SBF Alameda or to FTX connected access to the assets of any institution or organization to be banned wanted. On the other hand, defense attorneys believe that the SBF has these assets. did not reach expressed. Judge Kaplan justified Sassoon’s request and granted the SBF’s assets. access to banned.

On the other hand, the lawyers claiming SBF’s innocence in the defense said that both sponsors who will contribute to the $ 250 million bail from the court. your name not to be disclosed wanted. While the court granted this request family outside two people to vouch for Only someone’s with SBF kinship tie he was found to be found. The court finds that the guarantors strong and good to income owner He decided that there should be people who are. Defense authority, sureties directly a interests not and if their names are disclosed aim that they could be shown. SBF’s lawyers stated that the other two guarantors had not yet signed the bail form and that the deadline was by January 5 He said they waited until In addition, the media will not accept this decision until January 12. objection right was reminded.

The demand for anonymity on social media is quite high. Dense reviews took. produced about the identity of the guarantors. speculations spread rapidly among investors on social networking sites. Some users know SBF from FTX two top level worker entrepreneur who is a staunch FTX supporter Kevin O’LearyThe possibility that ‘s may be one of the guarantors was not overlooked by the users. The most interesting claim about guarantors is Binance CEO Changpeng Zhao (CZ) There was an allegation that he was one of SBF’s guarantors.

Judge Lewis Kaplan has set the next hearing date. October 2, 2023 determined as

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