<div class="watcher-guru"> 
 <p>FTX founder Sam Bankman-Fried’s trial is all set to begin tomorrow, i.e. on Oct. 3, 2023, in a federal courtroom in Manhattan. He currently faces up to 115 years behind bars. The executive faces fraud and conspiracy accusations related to the operation and subsequent collapse of FTX. Unlike his colleagues, the FTX founder has pleaded ‘not guilty’ against all charges against him.</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">Tomorrow, Sam Bankman-Fried will stand trial for one of the biggest frauds in US history. <br><br>SBF is facing up to 115 years in prison. pic.twitter.com/jPM8zMf7sj</p>— Watcher.Guru (@WatcherGuru) October 3, 2023 
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 <p><strong>Also Read: Sam Bankman-Fried: Being Sent to Jail Violates ‘Free Speech Right’</strong></p> 
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 <p><a rel="noopener noreferrer nofollow" title="Bankman-Fried" href="https://thebittimes.com/tag/bankman-fried.html">Bankman-Fried</a> was granted a&nbsp;$250 million bail&nbsp;towards the end of Q4 2022. That had been recognized as the highest pre-<a rel="noopener noreferrer nofollow" title="trial" href="https://thebittimes.com/tag/trial.html">trial</a> bail bond in the history of the U.S. In August, U.S. prosecutors asked the court to revoke <a rel="noopener noreferrer nofollow" title="Bankman-Fried" href="https://thebittimes.com/tag/bankman-fried.html">Bankman-Fried</a>’s&nbsp;$250 million bond. The executive was shortly taken into custody after his lawyers failed to convince the judge not to jail him ahead of <a rel="noopener noreferrer nofollow" title="trial" href="https://thebittimes.com/tag/trial.html">trial</a>. Nevertheless, a few days go, his attempt to get out of jail before the start of the <a rel="noopener noreferrer nofollow" title="trial" href="https://thebittimes.com/tag/trial.html">trial</a> was&nbsp;rejected by the court. However, his lawyers continued to request the judge overseeing his case for his temporary release.</p> 
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 <p><strong>Also Read: SBF Documentary ‘Downfall of the Crypto King’ Goes Live on BBC</strong></p> 
 <h3 class="wp-block-heading" id="h-sbf-looking-to-stop-ukrainian-witness-from-testifying-during-trial">SBF Looking to Stop Ukrainian Witness from Testifying During Trial </h3> 
 <p>In a recent court filing, <a rel="noopener noreferrer nofollow" title="Bankman-Fried" href="https://thebittimes.com/tag/bankman-fried.html">Bankman-Fried</a>’s lawyers have asked the judge not to allow a Ukrainian customer from testifying during the court <a rel="noopener noreferrer nofollow" title="trial" href="https://thebittimes.com/tag/trial.html">trial</a>. It is worth recalling that the Department of Justice had earlier requested to permit that Ukrainian customer to testify remotely. The witness is a young male who lost a significant share of his life savings that he had deposited in <a rel="noopener noreferrer nofollow" title="FTX" href="https://thebittimes.com/tag/ftx.html">FTX</a> when Russia invaded Ukraine last year, i.e. in 2022. <a rel="noopener noreferrer nofollow" title="Bankman-Fried" href="https://thebittimes.com/tag/bankman-fried.html">Bankman-Fried</a>’s lawyers have argued that such a testimony will “serve only to elicit the jury’s sympathy and outrage.” Specifically, they contended,</p> 
 <p><strong>“The proposed testimony that is unique to this witness would apparently reference hardships and individual circumstances created by the Russian invasion of Ukraine.”</strong></p> 
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  <img decoding="async" width="700" height="466" src="https://cdn.thebittimes.com/images/2023/10/03/ed1724f8214bc259c398135fe0d0cf4e.webp" alt class="wp-image-114592" srcset="https://cdn.thebittimes.com/images/2023/10/03/ed1724f8214bc259c398135fe0d0cf4e.webp 700w, https://cdn.thebittimes.com/images/2023/10/03/ed1724f8214bc259c398135fe0d0cf4e.webp 300w, https://cdn.thebittimes.com/images/2023/10/03/ed1724f8214bc259c398135fe0d0cf4e.webp 380w, https://cdn.thebittimes.com/images/2023/10/03/ed1724f8214bc259c398135fe0d0cf4e.webp 550w" sizes="(max-width: 700px) 100vw, 700px"> 
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    Source: MarketWatch 
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 <p><strong>Also Read: Top 2 Cryptocurrencies To Watch in October 2023</strong></p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>Bankman-Fried</li> 
  <li>FTX</li> 
  <li>SBF</li> 
  <li>trial</li> 
 </ul> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bankman-fried-faces-115-years-in-prison-trial-to-begin-on-oct-3-tbt64879.html">https://thebittimes.com/bankman-fried-faces-115-years-in-prison-trial-to-begin-on-oct-3-tbt64879.html</a></p>

Bankman-Fried Faces 115 Years in Prison: Trial to Begin on Oct. 3

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