Former FTX CEO Sam Bankman-Fried denied sentencing extension

The former executive was denied a sentencing extension on Wednesday


FTX co-founder Sam Bankman-Fried | Getty modified by Blockworks


Former FTX CEO Sam Bankman-Fried isn’t getting a sentencing extension for the holidays, Judge Lewis Kaplan ruled on Wednesday.

Counsel for Bankman-Fried filed a letter early Wednesday seeking a “short four to six-week adjournment of the sentencing hearing in the above-captioned case.”

Sentencing for Bankman-Fried, who was found guilty on seven charges back in November, is scheduled for March 28. He faces a maximum sentence of 110 years in prison.

Bankman-Fried’s lawyers argued that they needed “additional time to collect materials necessary for the sentencing submission and to prepare for the presentence interview.” It also sought to utilize the extra time to prepare for the government to possibly proceed with another set of charges, which they dropped from the initial trial.

The second trial is currently set for March 11, if the government chooses to proceed with the counts. Bankman-Fried has pleaded not guilty to the charges, which allege that Bankman-Fried gave around $100 million to politicians.

Read more: How long could Bankman-Fried go to jail following trial? 

US Attorney General Damian Williams proceeded with the superseding indictment after the government initially dropped the charges after the Bahamas didn’t extradite Bankman-Fried on the charge.

Williams reiterated in August that “Mr. Bankman-Fried remains charged with conducting an illegal campaign finance scheme.”

“We submit that Mr. Bankman-Fried should not begin the sentencing process on the counts of conviction, including the presentence interview, until the severed counts are resolved,” the lawyers said.

Bankman-Fried is scheduled for a presentence interview on Thursday.

Kaplan denied the motion saying that the sentencing date was decided without objection from Bankman-Fried’s team, and the “defendant has had over six weeks in which to prepare for the presentence interview, which shall take place tomorrow as scheduled.”

Bankman-Fried’s landmark trial took place in New York last month. Jurors, days before the year anniversary of the FTX collapse, found the former CEO guilty after a month-long trial.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.


Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2023

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research Report Cover Vertex.jpg


The proliferation of new perp DEXs has led to fragmented liquidity across various DEXs and chains. Vertex, known for its vertically-integrated DEX that includes spot, perpetual, and integrated money markets, is now tackling cross-chain liquidity fragmentation through horizontal integration with the launch of new Edge instances. Vertex's integrated offerings and cross-margined account structure amplify the benefits of new instances: native cross-chain spot trading, optimized cross-chain basis trading, consistent interest rates, reduced bridging friction, and more.


Partnering with EtherFi and Angle, the fully on-chain perp DEX features bespoke collateral



Gavin Wood introduced the next evolutionary step for the Polkadot network: the Join-Accumulate Machine, or JAM


The side events were the places to be at Consensus 2024, according to attendees


Also, who’s come out swinging in the spot ether ETF fee war — and who could undercut them


I know it is not in their nature, but US regulators could learn a lot by researching the digital asset frameworks that overseas regulators have already gotten right


Also, the ETF hype train can count out at least one member