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


FILE PHOTO Former FTX Chief Executive Sam Bankman-Fried who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange leaves following a hearing at Manhattan federal court in New York City U.S. January 3 2023. REUTERSAndrew KellyFile Photo

FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves following a hearing at Manhattan federal court in New York City, U.S. January 3, 2023. REUTERS/Andrew Kelly/File Photo

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.

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