Skip to main content

FM
Former Member

FTX’s Sam Bankman-Fried, the founder of a popular cryptocurrency exchange, is currently facing fraud charges filed against him and his derivatives exchange by the US government. However, Bankman-Fried’s legal team has recently filed a motion to dismiss most of the charges on legal grounds, including charges relating to “conspiracy to defraud the United States” and wire fraud.

According to crypto researcher Molly White, new charges were added after Bankman-Fried’s extradition agreement was made, which raises questions about the legality of the case. Bankman-Fried’s legal team is urging the dismissal of all charges except for three counts of conspiracy to commit commodities fraud, securities fraud, and money laundering.

The motion argues that the government has not provided any evidence to support its allegations, and the lawsuit should be dismissed with prejudice. The case has taken several turns since Bankman-Fried’s extradition to the US to face eight criminal charges related to alleged money laundering and fraud.

Add Reply

Cryptocurrency Hub Online Crypto and Blockchain Community
×
×
×
×
Link copied to your clipboard.
×