Sam Bankman-Fried, the founder of FTX, asked a U.S. judge to dismiss 10 of the 13 counts brought against him in connection with claims that he stole from users of his cryptocurrency exchange on Monday.

According to a court document made public, the three accusations against him that he is not disputing are conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to do money laundering.

In a court document acquired by Reuters, Bankman-Fried’s attorneys claimed that the now-bankrupt FTX was merely one of several cryptocurrency businesses that failed after a market downturn last year and that the prosecution quickly prosecuted their client.

“The Government jumped in with both feet, improperly seeking to turn these civil and regulatory issues into federal crimes,” his attorneys argued. “Rather than wait for traditional civil and regulatory processes following their ordinary course to address the situation.”

SAM BANKMAN-FRIED PLEADS DENIES OTHER FEDERAL CHARGES.

Before FTX filed for bankruptcy in November, the creator of the company profited on a boom in bitcoin and other digital assets to amass an estimated net worth of $26 billion and establish himself as a significant political and charitable donor.

After several client withdrawals in response to accusations that it had combined assets with Bankman-Fried’s crypto-focused hedge fund, Alameda Research, the cryptocurrency exchange folded.

Federal prosecutors in Manhattan have charged Bankman-Fried with deceiving FTX investors and lenders and misappropriating billions of dollars in client cash for real estate purchases, unlawful straw donor political contributions, and making up losses at Alameda. He is accused of buying off Chinese officials as well.

His attorneys requested that U.S. District Judge Lewis Kaplan for prosecutors to turn over any records that are in FTX’s custody and might be advantageous to the defense. They assert that prosecutors only requested information from the corporation that would help their case.

His attorneys argued that the FTX Debtors “must be considered part of the prosecution team” since they have collaborated with the government so closely and are deeply involved in its investigation, research, and strategy.

Bankruptcy attorney: FTX has recovered $7.3 billion in assets.

Bankman-Fried has until May 29 to answer to the prosecution’s motion to dismiss. On June 15, Kaplan will hear arguments.

FTX’s poor risk management has been admitted by Bankman-Fried, but the company still insists that no money was stolen.

Former Alameda co-CEO Caroline Ellison, former FTX technology head Gary Wang, and former FTX engineering chief Nishad Singh, all of whom were formerly personal friends of his, have entered guilty pleas and agreed to assist with investigators.

Singh acknowledged giving to politics under his own name, with some of the money coming via payments from Alameda. Singh’s gifts, according to Bankman-Fried’s legal counsel, did not break any election rules.

The government’s hasty decision to indict Mr. Bankman-Fried has ramifications, according to the campaign funding claims, his attorneys argued on Monday.

Since he was detained in the Bahamas, where he resided and ran FTX, and extradited to the United States in December, Bankman-Fried has spent the most of his time confined to his parents’ California home.

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Due to the fact that the campaign funding charge was not listed on the surrender warrant that the Bahamas’ foreign affairs minister had signed prior to Bankman-Fried’s extradition, his attorneys claimed in court papers that the accusation should be dropped.

They said that following his extradition, further accusations, such as the one of bribery, were filed inappropriately.

He has entered a not guilty plea to conspiracy and fraud.