Crypto Updates

Bankman-Fried’s request for temporary release denied amid upcoming trial

Bankman-Fried's request for temporary release denied amid upcoming trial

Former FTX boss Sam Bankman-Fried will likely remain behind bars while until his Oct. 3 trial commences after a United States District Court judge denied his request for temporary release.

Judge Lewis A. Kaplan explained on Sept. 12 that Bankman-Fried’s lack of internet access in prison to prepare for his upcoming trial wasn’t a sufficient ground to grant his temporary release.

“Whatever time pressure defendant now claims to face given the imminence of the trial date and the claimed limitations of his access to [electronically stored discovery and other material] while incarcerated largely would be of his own making,” Kaplan explained.

U.S. District Court Judge Lewis Kaplan’s ruling. Source: Court Listener

Bankman-Fried’s lawyers previously complained about poor internet connection in a Sept. 8 statement, explaining that Bankman-Fried would often need to wait up to 10 minutes for the homepage to be uploaded.

Bankman-Fried and his lawyers had a chance to request for the Oct. 3 trial date to be postponed, but no request was made, Judge Kaplan explained.

This is a developing story, and further information will be added as it becomes available.