US Prosecutors Ask for Postponement of SEC, CFTC Cases Against Sam Bankman-Fried

U.S. prosecutors have asked that the civil fraud cases brought by the Securities Exchange Commission and the Commodity Futures Trading Commission against FTX founder Sam Bankman-Fried be postponed until after the criminal case against him has concluded, according to a filing on Tuesday.

In their filing, prosecutors said the stay will save time and resources because the outcome of the criminal case “is likely to have a significant impact on what issues are ultimately in dispute in the Civil Cases.”

Source: US Prosecutors Ask for Postponement of SEC, CFTC Cases Against Sam Bankman-Fried