Lawyers for Sam Bankman-Fried have argued that he should be granted access to assets and cryptocurrency held by his former company FTX, claiming that there is no evidence linking him to previous alleged unauthorised transactions. Bankman-Fried, who resigned as FTX’s CEO on Nov. 11, 2022, when the crypto exchange declared bankruptcy, is currently on bail facing wire fraud and money laundering charges, to which he has pleaded not guilty. Bankman-Fried was barred from accessing cryptocurrency held by FTX and its trading arm, Alameda Research, as part of his bail conditions after the government pointed to illegal transfers made from Alameda wallets. Crypto purchased with FTX or Alameda funds is included in the bar.
