SBF Motions to Dismiss Majority of Charges: File

NEW YORK CITY, NY – Sam Bankman-Fried (SBF), founder of FTX, has filed pretrial motions to dismiss a majority of charges against him. SBF faces over a dozen charges in the collapse of his crypto empire, FTX.

SBF’s attorneys moved to dismiss charges of conspiring to commit wire fraud on FTX customers and Alameda Research lenders and bank fraud conspiracy on the grounds that prosecutors did not “state an offense for failure to allege a valid property right.” 

Attorneys also cited a memorandum of law to argue that SBF had agreed to be extradited from the Bahamas, where FTX was headquartered, to the U.S. Part of the argument is that under the extradition treaty, the Bahamas must “consent” to the charges brought to the accused, and the Bahamas could not consent without additional information that it has not been provided.

In January, SBF pleaded “not guilty” to all charges against him. His trial is slated to begin this autumn.