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Sam Bankman-Fried’s Lawyers Question Former FTX Founder’s Ability to Prepare for Trial

September 6, 2023
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Sam Bankman-Fried, the founding father of the failed cryptocurrency trade FTX, has been granted enough entry to a laptop computer to evaluation discovery supplies associated to the felony case introduced in opposition to him, claims the U.S. Division of Justice (DOJ).

SBF, as the previous FTX chief is in any other case recognized, is at present confined on the Metropolitan Detention Heart (MDC), getting ready for a trial scheduled for early October. He faces expenses together with wire fraud and conspiracy to commit securities and commodities fraud.

In response to a federal decide’s order for a report on the circumstances Bankman-Fried is dealing with throughout his detention, prosecutors acknowledged that the defendant has entry to an air-gapped laptop computer in a visiting room throughout particular hours on weekdays and weekends.

“Since August 31, 2023, the defendant has had the flexibility to evaluation digital discovery on the MDC with an air-gapped laptop computer that’s out there within the authorized visiting room 8:00 a.m. to 7:00 p.m., Monday by means of Friday, and eight:00 a.m. to three:30 p.m., Saturday by means of Sunday and holidays,” reads the letter filed on Tuesday.

Final month, SBF’s protection argued that the FTX founder is the one one who has full data of the large quantity of data associated to the felony case and subsequently—with the intention to be correctly ready for the trial—he wants entry to important on-line paperwork.

The prosecutors additional claimed that up up to now, there have been no reported issues or points with the performance of the USB ports or the software program purposes which were used.

Moreover, the letter mentioned that in response to the protection counsel’s request, the MDC has allowed SBF to make use of a second air-gapped laptop computer “for elevated comfort.”

In accordance with the DOJ, three web pace checks—carried out at various instances all through the day within the cell block space the place Bankman-Fried has entry to the internet-enabled laptop computer—confirmed that through the morning and early afternoon, the obtain switch fee was recorded at 34 Mbps.

Through the late afternoon, the obtain switch fee was recorded at 7.5 Mbps, which, because the prosecutors asserts, is “enough for many web evaluation actions.”

The letter added that “the internet-enabled laptop computer has additionally been up to date with a brand new 9-cell battery supplied by protection counsel that has roughly 8 hours battery life.”

Protection hits again

In response to the prosecutors’ claims, Bankman-Fried’s authorized crew, represented by Cohen and Gresser LLP, argued that, even below the present setup, he “is not going to have a significant alternative to organize his protection.”

The attorneys additionally pointed to a particular incident on September 1, the place the MDC workers instructed Bankman-Fried to depart the visitation space early, ensuing within the lack of about 4.5 hours of worthwhile work time for him.

“Dropping 4 hours per day (20 hours per week), just isn’t what the Authorities promised and isn’t workable,” mentioned the protection.

SBF’s authorized counsel additional acknowledged that the method of speaking with their consumer remains to be too “sluggish and cumbersome” and their visits “take away among the time that Mr. Bankman-Fried is ready to use for discovery evaluation.”

To that finish, the protection reiterated their request for Bankman-Fried’s momentary launch, saying that “the Authorities has not devised a plan that works in follow.”

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Tags: AbilityBankmanFriedsFoundersFTXLawyersprepareQuestionSamTrial
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