{"id":166299,"date":"2023-10-01T23:32:27","date_gmt":"2023-10-01T18:02:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=166299"},"modified":"2023-10-01T23:32:27","modified_gmt":"2023-10-01T18:02:27","slug":"sbf-trial-prosecution-previews-the-witnesses-it-plans-to-call-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sbf-trial-prosecution-previews-the-witnesses-it-plans-to-call-crypto-news\/","title":{"rendered":"SBF Trial Prosecution Previews the Witnesses It Plans to Call – Crypto News"},"content":{"rendered":"
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Federal prosecutors revealed part of their slate of witnesses who will testify in the criminal case against disgraced FTX founder Sam Bankman-Fried only days before the high-profile trial is set to start.\u00a0<\/span><\/p>\n

In a pair of filings to the court over the weekend, prosecutors said that they plan to <\/span>introduce testimony<\/span><\/a> from FTX customers and investors affected by the firm\u2019s collapse last November to lay out how they expected the company would take care of their digital assets rather than how they were ultimately used.<\/span><\/p>\n

“In each of these cases, the anticipated testimony [will be] about how the witnesses understood their relationship with the defendant and his companies,” read the prosecutors’ filing, adding that the testimony will show \u201chow reasonable persons would have interpreted and understood representations made by [SBF] regarding FTX\u2019s treatment of customer assets and other issues.”<\/span><\/p>\n

In another letter, the government alerted the court that it would use testimony from non-U.S. citizens to testify how they expected their funds would be looked after once they were deposited with FTX. Before its demise, much of FTX\u2019s client base was abroad, with U.S. customers only able to access it through a smaller subsidiary: FTX U.S.<\/span><\/p>\n

Among those prosecutors want to testify is an <\/span>unnamed citizen of Ukraine<\/span><\/a>, whom they refer to as \u201cFTX-Customer 1.\u201d They seek the court\u2019s permission to allow this individual to testify remotely because Ukrainian males over the age of 18 are restricted from leaving the country amid its ongoing war with Russia. Prosecutors said that this individual “lost a substantial portion of his life savings that he had entrusted to FTX” after the war started.<\/span><\/p>\n

Regarding the unnamed co-conspirators, prosecutors said they will use testimony from “certain witnesses who entered guilty pleas” as well as those granted immunity by the government. Testimony from this group is aimed at showing how they and SBF “agreed to perpetrate the scheme” that led to FTX’s failure.<\/span><\/p>\n

Though left unnamed in the filing, prosecutors have already struck cooperation deals with members of SBF\u2019s inner circle, including FTX co-founder <\/span>Gary Wang<\/span><\/a> and former head of engineering <\/span>Nishad Singh<\/span><\/a>. Caroline Ellison, the former CEO of Alameda Research and SBF\u2019s former lover, also struck a deal with prosecutors, and already admitted that she and other executives \u201c<\/span>knew it was wrong<\/span><\/a>\u201d to use client funds the way they did.<\/span><\/p>\n

For their part, SBF\u2019s lawyers filed objections over the weekend with the court related to the government\u2019s proposed questions for potential jurors.\u00a0<\/span><\/p>\n

In their <\/span>filing<\/span><\/a>, SBF\u2019s lawyers argued that a proposed list of questions from prosecutors was unfair and “prejudicial” to their client. In particular, the defense took issue with prosecutors referring to SBF’s actions as “fraud” rather than alleged fraud, and for asking questions that they say are inadequate to weeding out bias from potential jurors.<\/span><\/p>\n

“We therefore respectfully request that, in addition to the court\u2019s preferred voir dire, the court use the voir dire proposed by Mr. Bankman-Fried… which will provide a full and fair opportunity to expose bias or prejudice on the part of potential jurors,\u201d the lawyers wrote, referring to the legal term for examining potential jurors.<\/span><\/p>\n

SBF, a once-celebrated crypto mogul, is facing a litany of charges, including money laundering, wire fraud, and illegal political donations, which can mean potential decades in prison if convicted. His trial is slated to start on October 3.<\/span><\/p>\n

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Federal prosecutors revealed part of their slate of witnesses who will testify in the criminal case against disgraced FTX founder Sam Bankman-Fried only days before the high-profile trial is set to start.\u00a0 In a pair of filings to the court over the weekend, prosecutors said that they plan to introduce testimony from FTX customers and […]<\/p>\n","protected":false},"author":2,"featured_media":166300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-166299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=166299"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166299\/revisions"}],"predecessor-version":[{"id":166302,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/166299\/revisions\/166302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/166300"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=166299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=166299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=166299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}