SBF Seeks to Access FTX Funds

SBF2020

The legal team of Sam Bankman-Fried (SBF) is seeking access to the assets & funds of under-fire FTX by removing a bail condition which prevents him from doing so. The letter sent by SBF lawyer Mark Cohen to the United States District Court Judge Lewis Kaplan stated that Sam Bankman-Fried should be given access to the assets held by FTX.

Bankman-Fried denied any involvement in the transactions surrounding the infamous collapse of FTX in November, with the fallen exchange seeking over $659 million in unauthorized transfers till date.

The letter doesn’t only encapsulate SBF’s right to access FTX funds, but other matters as well. Cohen’s letter also calls for Bankman-Fried to be able to have unlimited contact with his father, therapist and any representative of a foreign regulator without the presence or intervention of attorneys.

Sources:

https://coingape.com/prosecutors-ftx-sbf-witness-tampering-stricter-ban/

https://ambcrypto.com/ftx-prosecutors-ask-judge-to-restrict-communication-between-sbf-and-witnesses/

https://cointelegraph.com/news/sam-bankman-fried-seeks-to-access-ftx-funds

Don’t miss any crypto news

Subscribe to our Newsletters - the best way to stay informed about the crypto world. No spam. You can unsubscribe anytime.

Please enter your email address

Email is invalid

By sharing your email, you consent to recieving BITmarket's newsletter.
Read how we process your data in our Privacy policy.

Thank you for subscribing 😊

Subscribe to our Newsletters - the best way to stay informed about the crypto world. No spam. You can unsubscribe anytime.

Something went wrong 😔

If your problem persists please try contact our support

If you have any questions about cryptocurrencies 
or need some advice, I'm here to help.
Let us know at [email protected]