The defense #team of crypto founder Sam Bankman-Fried is considering appealing for a trial postponement, with a decision deadline of September 7. This follows a recent virtual hearing during which Judge Lewis Kaplan indicated openness to the idea of a delay. Bankman-Fried's lawyers have expressed concerns about their client's ability to adequately prepare for the upcoming trial.

However, the chances of a trial postponement appear slim, as Assistant U.S. Attorney Danielle M. Kudla argued that #Bankman-Fried has sufficient time and resources for preparation. Bankman-Fried is currently facing two separate trials, one scheduled for #October 3 to address seven criminal fraud charges and another in #March #2024 for six additional accusations. His legal team had previously requested his temporary release, citing challenges in reviewing extensive evidence without proper resources. This legal development highlights the complex legal proceedings surrounding the crypto industry and its prominent figures.