The judge is recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain\u0027s Prince…
U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused herself on Friday after learning that the law firm Davis Polk & Wardwell, where her husband is a partner, advised FTX in 2021.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The U.S. Department of Justice accused Bankman-Fried of causing billions of dollars of losses related to FTX, once the second-largest cryptocurrency exchange, including by using customer funds to support his Alameda Research crypto trading platform. Bankman-Fried has acknowledged risk-management failures at FTX, but said he does not believe he is criminally liable for what prosecutors called a “fraud of epic proportions.”
After being extradited to New York from the Bahamas to face the charges, the 30-year-old Bankman-Fried was released on Thursday on a US$250 million bond, and required to remain under detention at his parents’ California home. He has not entered a plea.
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