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After his brief time in custody, Sam Bankman-Fried is already petitioning to spend five days each week outside the confines of the detention facility. His legal team is vocal about the obstacles he's facing, especially the considerable challenge of reviewing numerous papers connected to his case whithin the detention center.
FTX, the prominent cryptocurrency exchange, was recently embroiled in controversy when court documents revealed a plan devised by Gabriel, the younger brother of FTX's CEO, SBF. According to the documents, Gabriel aimed to utilize FTX clients' funds to purchase the entire country of Nauru.
The idea was to transform Nauru into a post-apocalyptic sanctuary, complete with a highly secretive laboratory for conducting human genetics experiments and other projects. Who needs a private island when you can have a whole sovereign nation, right?
The court documents further detailed instances of transactions involving the founder's family, including those that have been previously disclosed.
While the idea of buying a nation for such purposes seems like something out of a sci-fi movie, it underscores the madness that was going on inside the FTX.
In his new post, SBF found inconsistencies in documents filed by the law firm Sullivan & Cromwell (S&C) to a Delaware court alleging that FTX US is insolvent.
S&C somehow failed to include $428 million of assets in FTX US bank accounts in the report.
As a result, SBF concluded that FTX had hundreds of millions of dollars in excess of what the exchange needed to pay its obligations to users.
Just return the money, Sam!
Apple has reportedly shelled out $5 million to secure the rights to Michael Lewis' upcoming book on Sam Bankman-Fried (SBF), the former CEO of FTX.
The book, titled "Going Infinite: The Rise and Fall of a New Tycoon," is set to launch on October 3, coinciding with the start of SBF's criminal trial in New York.
A documentary is also in the pipeline, directed by Nanette Burstein, known for her work on crypto evangelist John McAfee and Hillary Clinton.
Sam Bankman-Fried's attorneys argue that he cannot adequately prepare for trial in prison. This is due to prosecutors handing him an additional four million pages of documents to review just six weeks before his scheduled October trial.
"We do not believe that anything short of temporary release will properly address these problems and safeguard Mr. Bankman-Fried’s right to participate in his own defense," the attorneys wrote.
As he awaits his trial scheduled for October 2nd, Sam Bankman-Fried finds himself in the Brooklyn Metropolitan Detention Center, notorious for its unsafe and unsanitary conditions.
In the past two days, two notable developments have emerged:
Yesterday, his legal team sought approval from a federal judge to allow him access to antidepressants while in detention.
According to a letter from his doctor, Sam has been receiving psychiatric treatment since February 2019 and “has a history of Major Depressive Disorder and Attention Deficit Hyperactivity Disorder (ADHD).”
Meanwhile, federal prosecutors claim that Bankman-Fried used funds taken from FTX customers to contribute more than $100 million to political campaigns before the 2022 U.S. midterm elections.
Antidepressants won’t help here either. Beyond SBF: Bankruptcy and Abduction of Aiden Pleterski
Aiden Pleterski, aka "Crypto King," accused of scamming $29 million from investors in Canada, has reportedly been abducted and subjected to brutal torture. He allegedly spent the money on luxurious items like cars, vacations, and a private plane.
In their search for bankrupt FTX clients' money, lawyers want to cross-examine SBF's mother and brother.
It is already known that the businessman's parents lived in a house in the Bahamas worth $16.4 million, which was the property of a crypto exchange. And the SBF's brother bought a multi-million dollar property near United States Capital (probably with the FTX clients' money).
Negotiations with the SBF's father are ongoing. Perhaps the court will be able to get the truth at least from the suspect's father. 










