• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
FTX Sam Bankman-Fried

FTX Founder Sam Bankman-Fried Pleads Not Guilty, Asks Judge To Throw Out Charges

Best Owie
by Best Owie
2 years ago
·
Posted in FTX
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The FTX saga is still ongoing six months after the crypto exchange crashed but there have been some interesting twists and turns in this story. One of these is founder Sam Bankman-Fried’s (popularly referred to as SBF) insistence on pleading non-guilty despite other important figures at the company such as Caroline Ellison pleading guilty. This time around, the founder insists on his innocence while asking the judge to scrap the case.

Sam Bankman-Fried Wants Lawsuit Thrown Out

A new filing in the lawsuit against the FTX founder has revealed how SBF is looking to play this one. Apparently, SBF has chosen to stick to his guns and continue to plead not guilty. The filing in the Manhattan Federal Court also shows that the disgraced founder wants the charges against him to be thrown out.

Related Reading: Meme Coins Accelerate ETH Burn Rate, Here Are The Stats

However, there are three charges that SBF’s lawyers did not request to be thrown out, including conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to commit commodities fraud.

FTX CEO Sam Bankman-Fried and his lawyers have filed a motion to dismiss 10 of his 13 charges. These include:

conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to commit commodities fraud.

See images below pic.twitter.com/zCpdA74J7m

— Best Owie (@BestOwie) May 9, 2023

According to his lawyers, some of the charges against the founder were added after his extradition from the Bahamas. They added that of the five new charges, four of them actually violated the “Treaty’s rule of specialty provision.” So in total, SBF’s team is urging the court to dismiss 10 out of the 13 total charges that have been levied against him

The House Of Cards That Is FTX

In November 2022, the FTX crypto exchange first started to publicly show signs of a crack in its structure when Binance CEO Changpeng Zhao revealed his exchange would be selling its holdings of FTX’s native FTT Token. This triggered a bank run on the exchange and while it held up well for a couple of days, it came crashing down in less than a week with the exchange filing for bankruptcy in the end.

FTX native FTT Token price chart from TradingView.com

FTT Token struggles following FTX crash | Source: FTTBUSD on TradingView.com

The aftermath was the introduction of a new CEO in the person of John Ray III who said FTX’s accounting was one of the worst he had ever seen. However, since then, Ray and his team have been able to recover around $7.3 billion in assets and cash and there has been talk of a possible reopening of the crypto exchange.

Related Reading: Bitcoin Investors Remain Greedy, But Why Are Prices Falling?

Associates of Sam Bankman-Fried, Caroline Ellison and Gary Wang, pled guilty to the charges brought against them and have agreed to work with authorities to help recover what they can of user funds. This leaves SBF as the only one left fighting the charges. His case has been scheduled to go on trial in October 2023.

When it begins, SBF’s trial will no doubt be one of the most notorious trials for white-collar crime in recent history. For now, the 30-year-old founder is under house arrest after being released to his parents’ custody following a $250 million bail.

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Best Owie

Best Owie

Follow

Best Owie is a Managing Editor at Bitcoinist with extensive experience and a proficient expert known for crafting captivating and insightful content. Best boasts over six years in the crypto sector, and has supervised the conception and publication of thousands of articles. Best is also a content and marketing strategist with the ability to make sure your content reaches the right audience and beyond. In every aspect, Best stands out as a consummate professional, always striving for unparalleled excellence both within and outside the workplace.

Full Profile

Related Posts

FTX And Alameda Stake $125M In Ethereum And Solana Amid Repayment Questions

FTX And Alameda Stake $125M In Ethereum And Solana Amid Repayment Questions

1 month ago
FTX

Early Freedom: FTX’s Sam Bankman-Fried’s Sentence Reduced By Over 4 Years

3 months ago
FTX

FTX To Distribute Over $5 Billion To Approved Creditors Starting May 30

3 months ago
FTX

Legal Setback For FTX: Court Ruling Permits 3AC To Seek $1.5 Billion In Claims

5 months ago
FTX

FTX Co-Founder SBF Faces Consequences For Unauthorized Media Activities In Prison – Report

5 months ago
FTX

FTX’s Sam Bankman-Fried Getting Released? Last Ditch Political Effort Comes To Light

6 months ago

Premium Sponsors

Press Releases

  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    20 hours ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    20 hours ago
  • miner

    Cardano (ADA) Market Outlook: Long-term Potential Passive...

    21 hours ago
  • etnminer

    How to Play to Earn Crypto in 2025: Discover 6 Most...

    1 day ago
  • miner

    BAY Miner Cloud Mining App Launches with ETH and BTC Users...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.