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Sam Bankman-Fried’s FTX fraud trial may be delayed

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1 year ago

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A U.S. District Judge may postpone the fraud trial of Sam Bankman-Fried, the founder of collapsed cryptocurrency exchange FTX.

Bankman-Fried’s lawyers argue they have not had enough time to review the evidence crucial for building his defence.

U.S. District Judge Lewis Kaplan, presiding over the case in Manhattan, suggested a potential five-month delay to the hearing initially slated for October 3 during a virtual hearing.

Bankman-Fried’s defence lawyers contended that the Metropolitan Detention Center in Brooklyn had failed to provide their client with the necessary hard drives containing evidence for thorough review.

At 31 years old, Bankman-Fried has entered a not guilty plea against charges of fraud and conspiracy linked to the collapse of his cryptocurrency exchange in November 2022, leading to its subsequent bankruptcy.

Judge Kaplan ordered Bankman-Fried’s incarceration on August 11, citing concerns that the former billionaire had tampered with witnesses while on $250 million bail, confined to his parents’ residence in Palo Alto, California.

His legal team sought his return to his parents’ custody, arguing that it would allow him to adequately prepare for the upcoming trial.

Judge Kaplan, while open to considering a delay, emphasised that the volume of evidence alone might not warrant postponement.

He emphasised the necessity for the defence to demonstrate a genuine and unforeseen need for the delay.

He also proposed the potential consolidation of Bankman-Fried’s trial with a previously scheduled trial on March 11, 2024, pertaining to additional charges stemming from his extradition from the Bahamas in December 2022.

Mark Cohen, Bankman-Fried’s lawyer, acknowledged the need for a swift decision regarding any delay request.

Judge Kaplan had previously denied a defence plea to exclude around 4 million pages of documents stored on Google, which were turned over by prosecutors last week.

Bankman-Fried’s legal team argued that the avalanche of evidence hindered his constitutional right to a fair trial.

The prosecution, led by the U.S. Attorney’s Office in Manhattan, attributed the delayed submission of evidence to Google’s slow response to a subpoena.

They clarified that the majority of the evidence was sourced from Bankman-Fried’s personal Google account, which he had access to before his bail was revoked.

In a recent development, the prosecution delivered a hard drive containing evidence to Bankman-Fried’s location at the Metropolitan Detention Center. As deliberations continue, the fate of the trial hangs in the balance, awaiting a decision that will address both the concerns of the defence and the need for a fair legal process.

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Prince Harry, Meghan face backlash over Trump comments

Prince Harry and Meghan Markle face backlash for insulting remarks about Donald Trump.

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41 minutes ago

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February 17, 2025

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Prince Harry and Meghan Markle face backlash for insulting remarks about Donald Trump.

In Short

Prince Harry and Meghan Markle faced backlash for political comments about Donald Trump during a podcast, raising concerns about their ties to the British royal family. This incident reflects the ongoing debate over the role of public figures in political discourse and its potential impact on their credibility and public perception.

Prince Harry and Meghan Markle face backlash following comments aimed at former President Donald Trump.

Their remarks came during a recent podcast appearance, where they discussed political issues.

Some critics believe their comments were inappropriate for public figures, particularly given their ties to the British royal family.

The couple has previously expressed their political views, but this latest incident has stirred significant controversy.

Many royal commentators argue that such statements could jeopardise their credibility and relationship with the monarchy.

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Zelensky advocates for unified European military force

Zelensky calls for a united European army to effectively confront Russia’s aggression.

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54 minutes ago

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February 17, 2025

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Zelensky calls for a united European army to effectively confront Russia’s aggression.

In Short

Ukrainian President Zelensky has urged the formation of a unified European army to strengthen defence against Russia. He highlighted the importance of collaboration among European nations for enhanced security amid escalating tensions.

Ukrainian President Volodymyr Zelensky has called for the creation of a unified European army.

He stated that a collective military force is essential to effectively confront the ongoing threat posed by Russia.

Zelensky emphasised the necessity for Europe to enhance its defence capabilities.

He made these comments during discussions at a the Munich Security Conference

The current geopolitical climate has highlighted vulnerabilities within European countries that need to be addressed.

Zelensky pointed out that a co-ordinated military approach would strengthen the overall security of the region.

He believes a unified force would deter potential aggression and foster greater stability.

The President also noted that individual nations must collaborate more closely in their defence strategies.

Zelensky reiterated the importance of solidarity among European nations in securing peace.

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Vance’s Europe comments overshadow Ukraine discussions at conference

Vance’s criticism of Europe on speech and immigration overshadows Ukraine discussions at Munich Security Conference, prompting rebukes from leaders.

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17 hours ago

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February 16, 2025

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Vance’s criticism of Europe on speech and immigration overshadows Ukraine discussions at Munich Security Conference, prompting rebukes from leaders.

In Short

U.S. Vice President JD Vance faced backlash from European leaders for accusing them of free speech censorship and mishandling immigration during the Munich Security Conference, overshadowing the main agenda on Ukraine. His comments received little support, and his ties with the far-right AfD party raised further controversy.

U.S. Vice President JD Vance’s comments at the Munich Security Conference on February 14 drew sharp criticism from European leaders.

Vance accused European leaders of censoring free speech and mishandling immigration, overshadowing discussions on Ukraine.

While discussions of peace talks were anticipated following a call between U.S. President Donald Trump and Russian President Vladimir Putin, Vance primarily focused on his concerns about Europe’s values, barely mentioning Ukraine or Russia.

German Defence Minister Boris Pistorius described Vance’s remarks as “unacceptable”, highlighting differences in the viewpoints of the U.S. and European leaders.

During his speech, Vance’s comments received little applause, indicating the audience’s unease. He later met with Alice Weidel, leader of the far-right Alternative for Germany (AfD), sparking controversy ahead of German elections.

Concerns remained over Trump’s approach to Putin, as European leaders sought to keep influential in peace negotiations regarding Ukraine.

Ukrainian President Volodymyr Zelenskiy reiterated the need for “real security guarantees” for Ukraine.

Vance emphasised Trump’s call for Europe to bolster its own defence, which was met with support from NATO Secretary General Mark Rutte.

The discussion included the possibility of gradual changes to U.S. support for European defence efforts.

Vance’s suggestion that the AfD could be a political partner further complicated the dialogue, given the party’s extremist monitoring status in Germany.

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