Bitcoin News Official TheBitTimes.com

Jury deliberations are to expected to begin shortly and may last until next Monday. Closing arguments for the criminal trial of Sam Bankman Fried (SBF), the disgraced founder of crypto exchange FTX, have officially concluded with U.S. Southern District of New York Judge Lewis Kaplan moving to jury instructions. As per the indictment from last December, Bankman-Fried faces a total of seven charges, including two counts of wire fraud conspiracy, two counts of wire fraud, one count of conspiracy to commit commodities fraud, one count of conspiracy to commit securities fraud, and one count of conspiracy to defraud the United States and commit campaign finance violations. In his briefing to the jury, Judge Kaplan explained that counts one and three — charges for a scheme to defraud FTX customers using interstate wires and charges for a scheme to defraud lenders to Alameda Research using interstate wires — are substantive, or alleged crimes that are not dependent of another.  "The gov...

Attorneys for the FTX founder have inquired about possibly administering extended-release ADHD medication to their client, citing his difficulties maintaining focus throughout the trial. In a letter dated Oct. 15, attorneys for Sam Bankman-Fried reached out to New York District Judge Lewis Kaplan, seeking approval for their client to take a 12-hour, 20mg extended-release dose of Adderall before his trial on Oct. 16. The legal team argues that their client has struggled to maintain his usual level of focus during the trial due to the absence of his prescribed stimulant. As the defense case looms and the decision on whether Sam Bankman-Fried will testify is pending, his lawyers express concern that he will not be able to “meaningfully participate” in his defense without the medication. The letter further elaborated that Sam Bankman-Fried has been doing his utmost to stay attentive during the proceedings despite not having access to his medication. You might also l...