Sam Bankman-Fried (SBF), the ex-boss of the crypto exchange FTX faces lawsuits for his management of the company, currently in bankruptcy. A case for which he says he does not blame himself. Remember that he was placed in detention before being released on bail. SBF’s lawyers believe that justice is a little too harsh with him.
Banning SBF’s access to FTX accounts has no reason to exist
While his lawyer managed to get him released on bail pending trial next October, SBF now planning to get of the law, permission to access the accounts and assets of the bankrupt crypto exchange, FTX. This is indicated by a request addressed to the judge by a lawyer in charge of his defense. He considers that if the proceedings against SBF are legitimate, the sanctions in the context of his release on bail are much less so.
Indeed, to release him on bail, justice had refused the former crypto magnate the right to access FTX accounts and the company’s assets. The judges in charge of the case relied on documents in which SBF is suspected of having illegally penetrated the accounts and carried out crypto transfers. Assets which he declared loud and clear that he had never authorized the transfer.
“Given that the only basis put forward for requesting this condition was not supported, we believe that the bail condition imposed at the conference should be removed,” indicates the request to the court.
Perhaps SBF hopes through this procedure to clear his honor, restore his flayed image or simply prove his innocence? Nothing is less certain. We can nevertheless consider that this procedure has little chance of succeeding. Because, if this measure is imposed on SBF, it is probably to allow the investigation to shed light on the case without risk, given the sums at stake. Anyway, the judges will soon have to decide On the question. This promises us new twists in the scandalous FTX affair.
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