Synopsis In January, Bankman-Fried pleaded not guilty to the original eight counts that he cheated investors and caused billions of dollars in losses, in what prosecutors have called an "epic" fraud. Reuters Sam Bankman-Fried's lawyers said on Wednesday it may be necessary to delay the FTX cryptocurrency exchange founder's scheduled Oct. 2 criminal trial, arguing it may take more time than expected to review the evidence and prepare a defense. In a letter to U. S. District Judge Lewis Kaplan , the 31-year-old former billionaire's lawyers said federal prosecutors in Manhattan had not yet turned over evidence collected from electronic devices belonging to Caroline Ellison and Gary Wang , previously two of their client's closest associates. Both have since pleaded guilty and agreed to cooperate with prosecutors. The lawyers also noted that prosecutors added new fraud and conspiracy charges late last month, boosting the number of counts to twelve, following the November collapse of Bankman-Fried's now-bankrupt exchange and his arrest the next month. In January, Bankman-Fried pleaded not guilty to the original eight counts that he cheated investors and caused billions of dollars in losses, in what prosecutors have called an "epic" fraud. "While we are not making such an application at this time, we wanted to note this issue for the Court now," Christian Everdell, one of Bankman-Fried's lawyers, wrote in the letter. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories A spokesman for the U. S. Attorney's office in Manhattan declined to comment. Bankman-Fried rode a boom in the values of bitcoin and other digital assets to an estimated $26 billion net worth, and became an influential donor to U. S. political campaigns. But his fortune evaporated after concerns about commingling of funds between FTX and Alameda Research , a hedge fund he also owned, spurred the cryptocurrency equivalent of a run on the bank at FTX. Bankman-Fried was released on $250 million bond and has been under house arrest at his parents' Palo Alto, California home. Kaplan has suggested his bail could be revoked after prosecutors said he may have tried to tamper with witnesses. Prosecutors over the weekend proposed Bankman-Fried remain free with strict limits on his use of technology. The trial schedule and Bankman-Fried's bail conditions are expected to be discussed at a court hearing on Friday. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Thursday, 09 Mar, 2023 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » Front Page Pure Politics Disruption Companies & Economy More Short-term Yields Up, Re Down After Powell Rate Signal Bond yields at the shorter end of the curve exceeded those of long-tenor sovereign debt in India while the rupee retreated Wednesday, reflecting the likelihood of outflows from local assets after the US Federal Reserve indicated rates would continue to harden. India to Top China as Walmart’s Largest Int’l Market in ’23: CFO India is likely to surpass China and emerge as the largest international market for Walmart this year, a top company executive said. Sebi Mulls PCVs to Offer Long Funding Amid allegations of fierce valuation games that drive startups to dress up numbers and venture capitalists to spin stories to investors, the idea of permanent capital vehicles (PCVs) to offer long, patient funding to unlisted outfits of Indian entrepreneurs is being explored. Read More News on Sam Bankman Fried ftx alameda research lewis kaplan gary wang Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. . . . more less ETPrime stories of the day Auto After a dream restart, why are Jawa and Yezdi selling in niche numbers? Think capacity constraints. 8 mins read Strategy A balancing act: key takeaways for India from G20 ministers’ meeting 7 mins read Investing Growth will be theme in 2023; manufacturing to offer opportunities: Neelesh Surana of Mirae Asset 5 mins read Subscribe to ETPrime.