FTX founder Sam Bankman-Fried sought a dismissal of criminal charges against him in a court filing late Monday, saying prosecutors have improperly made federal crimes out of civil and regulatory issues that resulted from an industrywide collapse of cryptocurrency markets dubbed the “crypto winter.”
Bankman-Fried’s lawyers are arguing that FTX’s collapse was the result of a “crypto winter” and the federal government has turned “civil and regulatory issues into federal crimes.”
FTX founder Sam Bankman-Fried has asked the court to dismiss several criminal charges. He's been accused of fraud in connection to the bankrupt crypto exchange.
Indicted FTX founder Sam Bankman-Fried said prosecutors charged him with “troubling” haste and asked a US judge to throw out 10 of the 13 criminal counts against him.
FTX founder Sam Bankman-Fried on Monday urged a U.S. judge to throw out all but three of the charges against him for allegedly stealing from his customers.
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