FTX CEO Sam Bankman-Fried Seeks Dismissal of Majority of Criminal Charges

JUST IN: Sam Bankman-Fried, the founder of collapsed crypto exchange FTX, is seeking a dismissal of the majority of criminal charges against him. He argues that prosecutors have improperly turned civil and regulatory issues into federal crimes. The move comes as Bankman-Fried, who is set to go on trial this fall, faces a multitude of charges related to the FTX downfall.

FTX founder Sam Bankman-Fried filed pretrial motions to dismiss a majority of the charges he faces late Monday, citing not guilty. This follows the dramatic collapse of FTX, which sent shockwaves through the cryptocurrency world. SBF went on to...

FTX founder Sam Bankman-Fried asked a New York federal judge on Monday night to dismiss most criminal charges brought against him by federal prosecutors. His legal team claims the charges are unfounded and overreach the bounds of federal law.

The motions come amidst ongoing legal battles surrounding the recovery of FTX assets. Binance called FTX’s recovery lawsuit a smokescreen, claiming FTX's plan to recover about $1.76 billion from the exchange tried to shift blame from Sam Bankman-Fried through Binance. The complex web of accusations and counter-accusations highlights the significant legal hurdles ahead for all parties involved.

The push for dismissal underscores Bankman-Fried's defense strategy as he prepares for trial. The outcome of these motions could significantly impact the scope of the legal proceedings and the potential penalties he faces.