U.S. prosecutors ask to postpone SEC, CFTC cases against Bankman-Fried

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Published: Feb 7, 2023, 15:53 UTC

NEW YORK (Reuters) - U.S. prosecutors on Tuesday asked a judge to postpone civil cases brought against FTX founder Sam Bankman-Fried by federal regulators until a parallel criminal case against the former billionaire concludes.

Bankman-Fried attends a hearing on FTX fraud case in New York City

NEW YORK (Reuters) – U.S. prosecutors on Tuesday asked a judge to postpone civil cases brought against FTX founder Sam Bankman-Fried by federal regulators until a parallel criminal case against the former billionaire concludes.

The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have each filed civil fraud cases against Bankman-Fried over the collapse of his cryptocurrency exchange.

Bankman-Fried has pleaded not guilty to criminal fraud charges in Manhattan federal court.

(Reporting by Luc Cohen in New York)

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