Sam Bankman-Fried will not make any demands after hearing
Former FTX CEO despite federal fraud conviction on Nov. 2 Sam “SBF” Bankman-Fried will not make any requests after the hearing.
Lawyers representing Bankman-Fried wrote in a letter sent Dec. 1 to Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York. they declared have “I decided not to make any demands after the case”However, it reserves the right to make a request upon objection. This was the last request after SBF’s sentencing on 2 November, pending sentencing on 28 March.
It’s unclear whether prosecutors plan to proceed with Bankman-Fried’s second trial, scheduled for March. The charges against the former FTX CEO are split, with him facing 7 charges in October and 5 in March, but after the guilty verdict in November, SBF may already be facing decades behind bars.
Following the jury verdict, Bankman-Fried was returned to the Brooklyn Metropolitan Detention Center and is expected to remain there until sentencing. Crypto blogger Tiffany Fong on November 30 interviewed a former mafia manGene Borrello describes some of SBF’s experiences in prison. Another inmate tried to blackmail the former FTX CEO, Borrello said.
Bankman-Fried was one of the first high-profile crypto executives to face criminal charges in the United States. In July, authorities arrested Celsius’ former CEO, Alex Mashinsky, and at the time of this publication, he was free on bail pending a criminal trial scheduled for September 2024. Changpeng Zhao, who instead resigned as CEO and pleaded guilty to a criminal charge as part of a settlement, will decide the dispute between US authorities and Binance in February.