Condividi questo articolo
U.S. Criminal Charges Against Sam Bankman-Fried Don’t Warrant Dismissal, Prosecutors Say
Lawyers for the disgraced FTX executive filed pre-trial motions in early May to dismiss most of the charges on technicalities or procedural issues.
30 mag 2023, 8:13 a.m. Tradotto da IA
Make us preferred on Google
Criminal charges that lawyers for Sam Bankman-Fried sought to dismiss, including technicalities around his extradition back to the U.S. and campaign finance violations, are valid, prosecutors said in court filings from Monday.
In early May, Bankman-Fried filed pretrial motions to dismiss most charges levied against him by U.S. prosecutors, with his defense arguing procedural issues, the irrelevance of some U.S. laws given FTX's non-U.S. location, and that the charges exceeded the agreed extradition terms. The motions did not seek to dismiss securities fraud and money laundering charges.
STORY CONTINUES BELOW
Non perderti un'altra storia.Iscriviti alla Newsletter State of Crypto oggi. Vedi tutte le newsletter
With regards to Bankman-Fried’s argument that the Bahamas needs to approve any charges prior to extradition, prosecutors contended that the extradition treaty with the Caribbean nation allows for post-extradition charges with the consent of the extraditing country, and any charges presented post-extradition in new indictments do not violate this rule.
One of these charges, filed in March, alleged that the former executive had violated the Foreign Corrupt Practices Act (FCPA) because he offered $40 million to unnamed Chinese officials to convince them to unfreeze accounts.
While Bankman-Fried argued allegations he had committed commodity fraud are invalid because it involves extraterritorial enforcement, U.S. prosecutors said the accusations should stand as the impact of FTX’s trades were felt in crypto markets within the U.S.
On the allegations of campaign finance law violation – which center around Bankman-Fried donating money in the names of FTX executives – prosecutors said his arguments don't hold up because the indictment details exactly how he worked to obscure the source of funds for donations.
The filing also notes that the defense has requested more discovery documents, arguing that the FTX estate "should be considered part of the 'prosecution team'" due to its cooperation with the U.S. Department of Justice.
Bankman-Fried is due in a New York court in October.
Read more: FTX's Sam Bankman-Fried Moves to Dismiss Most Criminal Charges Against Him
Di più per voi
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Cosa sapere:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Di più per voi
Senate Agriculture's crypto market structure draft peppered with Democrat pitches
The latest draft of the major crypto legislation has begun to be targeted with amendments as the Senate Agriculture Committee approaches its hearing next week.
Cosa sapere:
- Proposed amendments to the Senate Agriculture Committee's crypto market structure bill have been posted, and the Democrats filing the pitches are seeking to push a number of the points they've sought over months of negotiation.
- Democrat amendments include proposals for banning senior government officials from profiting off of crypto interests and a demand for filling the Commodity Futures Trading Commission before new rules can be put in place.
- The committee's markup hearing for the bill is currently scheduled for next week, though a winter storm threatens the U.S. capital.
Top Stories
