News Snapshot:
Sam Bankman-Fried, who has long denied stealing from customers of his FTX cryptocurrency exchange, said prosecutors charged him with “troubling” haste and asked a US judge to throw out 10 of the 13 criminal counts against him. In a filing in Manhattan federal court Monday, Bankman-Fried’s lawyers said now-bankrupt FTX was far from the only cryptocurrency company to collapse during a broad market crash in 2022, and that prosecutors hastily charged their client in a “rush to judgment.” “Rather than wait for traditional civil and regulatory processes following their ordinary course to address the situation, the Government jumped in with...
