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Market News

Sam Bankman-Fried’s Attorney Pursues ‘Temporary Release’

The request is for SBF’s Sixth Amendment right to participate in preparing his defense and his right to receive effective assistance of counsel.

Written By:
Pawan Surya

Last updated: August 28, 2023 7:15 AM
Published August 28, 2023 7:15 AM
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Last updated: August 28, 2023 7:15 AM
Published August 28, 2023 7:15 AM
Sam Bankman-Fried’s Attorney Pursues 'Temporary Release'

In a recent update, the lawyer representing Sam Bankman-Fried has made another effort to advocate for his client. They have submitted a fresh motion, seeking Bankman-Fried’s “temporary release.”

According to the motion filed on Friday, the defense team has argued that Bankman-Fried should be granted temporary release or, at the very least, be allowed to meet with them five days a week while in custody. This request is for SBF’s right to work on his own defense to be breached as he is in jail and the essential documents he needs to review are exclusively available online.

In a letter, attorney Christian Everdell emphasized their stance by stating, “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 legal team argues that Bankman-Fried’s current incarceration hinders his ability to contribute to his defense effectively. His need to access online documents is impeded since he can only do so with a computer with internet access.

Their proposal is for him to be granted temporary leave from jail or, at the very least, to be provided a room where he can use a computer with internet connectivity to review, modify, and exchange documents with his legal counsel for his defense. Moreover, “Defense counsel will be present with Mr. Bankman-Fried the entire time and will take back the laptop at the end of the session.”

Nonetheless, within the courthouse in Manhattan, Bankman-Fried does have access to a laptop, albeit restricted to just 6 hours a day, two days a week, a substantial reduction from “80-100 hours a week.” He lacks internet and laptop access within the Metropolitan Detention Center. Consequently, Everdell underscored the lack of effective communication for sharing work progress and analyses.

The letter noted that since his detention two weeks ago, Mr. Bankman-Fried has lacked access to any discovery or work-related materials at the MDC. The defense team also raised concerns about the continuous stream of discovery materials from the Department of Justice. 

Last week alone, prosecutors provided over 4 million new document pages. As a response, they seek the judge’s intervention to halt the release of any discovery martial generated after July 1.

The judge ordered prosecutors to respond to the letter, as well as another earlier letter outlining one of Bankman-Fried’s planned defenses, by Tuesday, August 29 and scheduled a virtual hearing on Wednesday at 1:00 p.m. ET on the discovery issues. 

Also Read: SBF Intends to Shift the Blame on Past Lawyers in October Trial

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Pawan Surya
Pawan, a technical writer and trader with 2+ years in crypto, excels in market analysis, blockchain, and research. He creates detailed, value-driven articles on diverse crypto topics.

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