Sam Bankman-Fried Delayed Trial and Epic Invoices

Sam Bankman-Fried, the former crypto billionaire, is facing a criminal trial scheduled for October 2nd, but his attorneys are arguing that the trial may need to be delayed due to the amount of evidence that needs to be reviewed and prepared for the defense. Bankman-Fried has been charged with twelve counts of fraud and conspiracy, and he has pleaded not guilty to the eight counts he was charged with in January. He was released on a $250 million bond and has been under house arrest at his parent’s home in California, with restrictions on his use of technology. His lawyers are attempting to shift the blame onto his former associates, Caroline Ellison and Gary Wang, and challenge the credibility of their expected testimonies. It was recently revealed that the team of lawyers and accountants working for FTX billed a whopping $38 million for their services in January alone. FTX has also sued crypto fund manager Grayscale in an attempt to unlock as much as $9 billion from its Bitcoin and Ethereum Trusts.