NEW YORK — NEW YORK (AP) — FTX creator Sam Bankman-Fried lookedfor a termination of criminal charges versus him in a court filing late Monday, stating districtattorneys have poorly made federal criminaloffenses out of civil and regulative problems that resulted from an industrywide collapse of cryptocurrency markets called the “crypto winterseason.”
Lawyers for the one-time head of a multibillion dollar cryptocurrency exchange stated in documents in Manhattan federal court that the U.S. federalgovernment had a “dramatic — and unpleasant” action to a broad market crash in cryptocurrency last year that impacted every corner of the market.
They stated Bankman-Fried’s non-U.S. FTX business lasted far longer than others in the market priorto it gotin insolvency in November when the international exchange ran out of cash after the comparable of a bank run. A trial is tentatively set for the fall.
Prosecutors declared in December that Bankman-Fried cheated financiers and robbed consumer deposits on FTX to make luxurious genuine estate purchases, contribute cash to politicalleaders and make dangerous trades at Alameda Research, his cryptocurrency hedge fund trading f