FTX CEO Sam Bankman-Fried fights back, files motion to dismiss criminal charges.

[Coinpedia Fintech News]

Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, is currently embroiled in a court case where his legal team has filed motions to dismiss fraud charges filed against him and his derivatives exchange by the US government. The case has taken several turns since  sam bankman fried information
 extradition to the US to face eight criminal charges related to alleged money laundering and fraud. However, recent developments have raised questions about the legality of the case.

New Charges Filed After Extradition Agreement

Crypto researcher Molly White has weighed in on the situation, stating that the new charges were added after Bankman-Fried’s extradition agreement was made. SBF’s legal team has filed a court document in the southern district court of New York urging the dismissal of everything except three counts of conspiracy to commit commodities fraud (count 5), conspiracy to commit securities fraud (count 6), and conspiracy to commit money laundering (count 11).