The US government recently voiced opposition to releasing FTX founder Sam Bankman-Fried (SBF) temporarily before his October 3 trial.
On September 27, Judge Lewis Kaplan received a letter from the US Department of Justice. The government notification questioned SBF's assertions of a compromised defense without release as being unspecific and stated that the risks of a release outweigh these worries. These risks included community threats and the potential for him to run away.
In September, the court rejected identical motions twice, among other reasons noting SBF's substantial access to electronic evidence and "unpersuasive" grounds.
On October 3, he will stand trial on seven fraud charges related to his time at FTX and Alameda Research. This trial is expected to be one of the most anticipated events of the year. SBF has pled not guilty to all counts and will also stand trial in a separate proceeding in March 2024
