SBF seeks to sever new charges from trial, says proceedings may take ‘years’

Attorneys for former FTX CEO Sam Bankman-Fried (also known as “SBF”) are seeking to

Defense attorneys also provided an alternative solution to the problem: If the U.S. district court feels that it can’t dismiss the charges, it should sever them from the upcoming trial. This would allow Bankman-Fried to be tried on the seven charges he agreed to be extradited on but none others.

Bankman-Fried was originally charged in December in connection with his management of failed crypto exchange FTX. Prosecutors allege that he commingled customer funds and misled investors about FTX’s risk management practices, leading to losses for investors and customers. Bankman-Fried claims the exchange collapsed because of ordinary management mistakes, not fraud.