A U.S. judge on Monday put two regulators' civil lawsuits against Sam Bankman-Fried on hold until the conclusion of the Department of Justice's criminal case against the founder of the now-bankrupt FTX cryptocurrency exchange.
U.S. District Judge Kevin Castel in Manhattan granted a Justice Department motion to stay the lawsuits filed by the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Prosecutors said it made sense to delay those lawsuits because the cases substantially overlapped, and the outcome of the criminal case would likely affect what issues remained in the civil cases. They also cited the risk that Bankman-Fried could gather evidence in the civil cases to improperly impeach government witnesses, circumvent discovery rules in criminal cases, and tailor his criminal defense.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Is Sam Bankman-Fried Losing His Mind?Has SBF_FTX's reality been irrevocably shattered? The former FTX_Official CEO's blog post, will strike the informed reader as the fizzling, semi-coherent ejection of a mind trapped in a closed and degrading orbit around itself, davidzmorris writes.
Weiterlesen »
CFTC Case Against Sam Bankman-Fried Postponed Until After Criminal TrialA judge has granted a request by U.S. prosecutors to have the CFTC’s civil case against Sam Bankman-Fried be postponed until after the criminal case against him is completed. By NelWang
Weiterlesen »
CFTC, SEC cases against Bankman-Fried to be pushed back until criminal case endsA New York judge decided Monday to push back cases against the former FTX CEO brought by the Securities and Exchange Commission and the Commodity Futures Trading Commission. A judge decided Monday to delay cases brought against former FTX CEO Sam Bankman-Fried by U.S. regulators until after a criminal case finishes up.
Weiterlesen »
Media covering for Democrats sitting on 'stolen' FTX money because they are also recipients of it: GreenwaldPoliticians who received FTX donations and grants are being called on to return the donations from Sam Bankman-Fried by the end of the month.
Weiterlesen »
House Republicans Demand Answers From SEC Over FTX Co-Founder's Arrest – Bitcoin NewsThe letter asserts that the timing of Sam Bankman-Fried's charges and arrest raises “serious questions about the SEC's process.'
Weiterlesen »