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- Attorneys representing FTX (FTT-USD) founder Sam Bankman-Fried in his fraud case claim they need more time to prepare, raising the possibility of a trial delay.
- US District Court for the Southern District of New York Judge Lewis Kaplan is considering a five-month delay, Reuters reported. The trial is slated to begin in October.
- Kaplan, however, said he was not likely to grant a delay purely on the amount of evidence to go through and Bankman-Fried would need to show a “”genuine and unanticipated need.”
- In a letter to Kaplan, Bankman-Fried’s legal team wrote, “The path the Government has chosen to take inevitably leads to inadequate representation which cannot be remedied as long as Mr. Bankman-Fried is incarcerated without internet access,” The Hill reported of the document. “There are millions of pages of documents, many of which have only recently been produced.”
- Earlier this month, Kaplan revoked Bankman-Fried’s bail citing witness tampering. He remains in a federal jail in Brooklyn.
