<p>The post <a rel="nofollow" href="https://coinpedia.org/news/sam-bankman-fried-pleads-for-temporary-release/">Sam Bankman-Fried Pleads for Temporary Release, 5 Conditions Proposed</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/crypto-live-news/ftx-founder-sam-bankman-fried-seeks-temporary-release-ahead-of-trial/">Sam Bankman-Fried (SBF)</a>, the founder of the now-defunct cryptocurrency exchange FTX, has refiled a request for temporary release before his trial. </p> 
<p>Bankman-Fried’s legal problems began earlier this year when his release on bond was unexpectedly revoked. A U.S. District Judge ruled that the <a href="https://coinpedia.org/price-analysis/ftt-price-analysis-is-ftx-ready-for-an-exponential-jump/">FTX</a> founder had likely tampered with witnesses, leading to his detention. Despite a denied appeal on September 12 and another blow from an appeals court on September 21, Bankman-Fried’s legal team isn’t backing down to pursue a temporary release for their client.</p> 
<h2 class="wp-block-heading" id="h-what-s-the-latest-plea">What’s the Latest Plea?</h2> 
<p>In their latest plea, the legal team argued the “exceeding difficulty” in preparing for the trial, citing a plethora of evidence to review, including a list of over 50 potential witnesses, thousands of pages of material, and over 1,300 exhibits. They reasoned that these factors make a compelling case for Bankman-Fried’s temporary release.</p> 
<p><strong>Conditions for Release</strong></p> 
<p>The request sets out five conditions that Bankman-Fried is willing to adhere to for the temporary release scheduled for October 2nd. These conditions range from spending his out-of-court time solely with his legal team to adhering to a stringent gag order, limiting his communication to his attorneys and immediate family.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/from-fame-to-prison-bbc-to-release-sbf-inspired-documentary-downfall-of-the-crypto-king/">BBC To Release Documentary Exploring the Rise and Fall of FTX’s Sam Bankman-Fried</a></p> 
<h2 class="wp-block-heading" id="parental-involvement-questioned">Parental Involvement Questioned </h2> 
<p>John Reed Stark, the former Chief of the SEC Office of Internet Enforcement, raises questions about why SBF’s parents have not been included as defendants in the case. Stark suggests that, given the scale of the investigation, the parents should at least be considered as “relief defendants.”</p> 
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   <p lang="en" dir="ltr">SBF’s Mom and Dad: Criminal Beneficiaries, Profiteers, Conspirators and Enablers<br><br>I served for almost 20 years as an attorney in the SEC Division of Enforcement (including 11 years as Chief of the SEC’s Office of Internet Enforcement) and led dozens of SEC prosecutions with… <a href="https://t.co/pElbR2wUeX">pic.twitter.com/pElbR2wUeX</a></p>— John Reed Stark (@JohnReedStark) <a href="https://twitter.com/JohnReedStark/status/1705569829959110979?ref_src=twsrc%5Etfw">September 23, 2023</a>
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<p>The case also brings attention to the regulatory frameworks around cryptocurrency exchanges. Critics argue that stricter regulations could prevent such alleged misconduct, while proponents fear excessive regulations could stifle innovation.</p> 
<p>Read More: <a href="https://coinpedia.org/news/former-sec-official-john-reed-stark-raises-concerns-about-ftx-trial-and-secs-approach-to-crypto-cases/">John Reed Stark Urges US DOJ to Get Tough on Crypto Criminals like Sam Bankman-Fried</a></p>

Sam Bankman-Fried Pleads for Temporary Release, 5 Conditions Proposed

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