Thursday, September 28, 2023

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FTX Founder Expected to Contest Fresh Cryptocurrency Charges, Says Lawyer

Sam Bankman-Fried Challenges Validity of New Charges in Cryptocurrency Case

A lawyer for Sam Bankman-Fried has signaled that the onetime cryptocurrency darling is challenging the validity of new charges added to an indictment. This comes after he agreed to be brought to the United States in December from the Bahamas rather than fight extradition.

Attorney Mark Cohen Speaks Out

Attorney Mark Cohen spoke out on behalf of Bankman-Fried in a Manhattan federal court judge. He stated that the new charges added to the indictment were invalid and that his client was not guilty of any wrongdoing.

Bankman-Fried was a prominent figure in the cryptocurrency world, having founded the FTX exchange. However, he has since been embroiled in a legal battle with US authorities over allegations of money laundering and other financial crimes.

The Legal Battle Continues

The legal battle between Bankman-Fried and US authorities has been ongoing for some time. The authorities have accused him of using his cryptocurrency exchange to launder money and engage in other financial crimes.

Bankman-Fried has denied these allegations, and his legal team has been fighting to clear his name. However, the addition of new charges to the indictment has thrown a wrench into their plans.

What’s Next?

It remains to be seen what will happen next in Bankman-Fried’s legal battle. His lawyer has signaled that they will be challenging the validity of the new charges, but it is unclear how successful they will be.

Meanwhile, the cryptocurrency world is watching closely. Bankman-Fried was once seen as a rising star in the industry, and his legal troubles have cast a shadow over the entire sector.

Overall News Summary

Sam Bankman-Fried’s legal battle is far from over. With new charges added to the indictment, his legal team will have to work hard to clear his name. Meanwhile, the cryptocurrency world is waiting anxiously to see what happens next.

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