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FTX Founder Granted Extension for Post-Trial Motions in High-Stakes Legal Battle

  1. Home
  2. Bobs-News Categories Cryptocurrency Exchanges
  3. FTX Founder Granted Extension for Post-Trial Motions in High-Stakes Legal Battle
north america 711 crypto neutral
  • bob
  • 2023-11-20
  • Cryptocurrency Exchanges
  • Financial Scams and Security
  • North America
Judge Lewis A. Kaplan of the United States District Court, Southern District of New York, has granted a request for an extension for filing post-trial motions in the case against Sam Bankman-Fried. The extension allows Bankman-Fried’s legal team to prepare for the subsequent stages of the case. The defense’s post-trial motions, initially due on November 20, have been rescheduled for December 1. The government’s response deadline is now December 22, followed by the defense’s reply due on January 8, 2024. This adjustment reflects the complexity and gravity of the case and provides both parties with additional time to prepare their arguments. The post-trial motions are significant as they can potentially request a new trial or challenge the sufficiency of the prosecution’s evidence. They also play a role in shaping the final sentencing and pave the way for potential appeals. The outcome of this case is expected to have far-reaching consequences for the cryptocurrency industry and regulatory frameworks surrounding digital assets.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography North America
Countries 🇺🇸
Sentiment neutral
Relevance Score 1
People Sam Bankman-Fried
Companies FTX, Cohen & Gresser LLP, Southern District of New York, United States District Court
Currencies None
Securities None

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