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Postponement of SBF Criminal Trial Possible Says Lawyer

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On March 9, Christian Everdell, the lawyer of Sam Bankman-Fried (SBF), the former FTX chief executive, said on Wednesday that it might be necessary to postpone

Postponement of SBF Criminal Trial Possible Says Lawyer

On March 9, Christian Everdell, the lawyer of Sam Bankman-Fried (SBF), the former FTX chief executive, said on Wednesday that it might be necessary to postpone the criminal trial scheduled by SBF on October 2, because it might take more time than expected to review the evidence and prepare the defense. Everdell wrote in the letter: “Although we do not make such an application at this time, we now want to explain this issue to the court.”

SBF lawyer: The trial originally scheduled for October may need to be postponed

Analysis based on this information:


On March 9, the lawyer of former FTX CEO Sam Bankman-Fried, Christian Everdell, stated that it may be necessary to postpone his client’s criminal trial scheduled on October 2. This is due to the amount of time it would take to review the evidence presented and prepare Bankman-Fried’s defense. Everdell expressed concern about the trial’s viability under these circumstances.

The criminal trial against Bankman-Fried is in connection with charges of insider trading linked to the 2018 sale of Alameda Research’s BitMax token. The charges involve allegations that Bankman-Fried and his colleagues had exploited, to their own advantage, information about internal trades that was not available to the general public.

In his letter to the court, Everdell clarified that the defense had not applied for a postponement, but instead sought to communicate the difficulties they might face in completing the necessary preparations for the trial. This readiness of the defense team to provide transparency on the issue indicates a sense of responsibility as well as the importance of transparency in the administration of justice.

A similar issue has arisen in cases related to COVID-19’s impact on court proceedings. As lockdowns persist, cases are often postponed, and there is a backlog of trials with an overwhelming number of litigants vying for court time. One can observe that defense preparations and gathering of sufficient evidence become more tedious with virtual hearings as well.

The communication by Everdell shows the importance of both parties’ transparency and flexibility in obtaining justice through a fair trial. The postponement being not an immediate request highlights that a fair trial is sought, yet the constraints arising due to evidence review and defense preparation cannot be understated.

In conclusion, the message highlights the possible need for postponing SBF’s criminal trial due to the extensive time required to review evidence and prepare the defense. The defense team’s intention to communicate this issue to the court reflects transparency, responsibility, and a commitment to a fair trial. The case represents the continued prevalence of fraud accusations in the cryptocurrency space, which has increasingly come under scrutiny by financial regulators worldwide.

Keywords include: SBF, Christian Everdell, criminal trial, evidence review, and defense preparation.

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