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Bankman-Fried asks court to dismiss charges

WASHINGTON, D.C.: Former FTX chief Sam Bankman-Fried asked a US federal court on Monday to toss out most of the charges he faces over the collapse of his crypto exchange last year.

In a pre-trial motion, lawyers for Bankman-Fried asked the US District Court for the Southern District of New York to dismiss 10 of the 13 charges against him, arguing that in some of the charges prosecutors failed to 'state an offense' or to 'allege a valid property right.'