CFTC and SEC against Sam Bankman-Fried (SBF) Civil lawsuits filed by A.Ş. have been adjourned until after the criminal trial, which will take place in October.
U.S. District Judge of Manhattan Kevin Castelaccepting the prosecutors’ objection Sam Bankman-Fried against Commodity Futures Trading Commission (CFTC) and the Securities Exchange Commission (SEC) postponed the lawsuits filed by The civil lawsuits in question are due to the SBF’s criminal conviction alleging “fraud,” filed by the US Department of Justice (DOJ) due to take place in October. after his trial will be seen.
US Attorney for the Southern District of New York, who played a critical role in the case Damian WilliamsOn Feb. 7, the CFTC requested the adjournment of civil litigation due to a large overlap between the SEC’s and DOJ’s cases. Outlining the reasons for the adjournment request, Williams said that all three cases are likely against Bankman-Fried. would be subject to the presentation of the same evidence. and DOJ’s October hearing on these civil cases “a significant impact” stressed that it will.
Bankman-Fried’s legal team did not object to the case being postponed until after October.