SBF lawyers urged to limit extrajudicial witness statements

Sam Bankman-Fried: news and articles about the founder of the FTX exchange
Sam Bankman-Fried: news and articles about the founder of the FTX exchange

Lawyers representing the interests of the former head of FTX Sam Bankman-Fried (SBF) called on the court to limit public comments about the process of all witnesses, including the current CEO of the platform, John Ray.

Lawyers agreed to follow a non-disclosure order, but denied accusations by the US Department of Justice that the client provided the media with materials from Caroline Ellison’s diary. The department pointed to an attempt to discredit the ex-CEO of Alameda Research, which could interfere with a fair trial.

According to the document, the SBF will no longer be able to make comments that could denigrate a government witness by passing on confidential information.

“We ask that any such restriction apply not only to Bankman-Fried, but equally to all parties and witnesses […] on this case” the petition says.

The list includes the US government, former FTX employees, stock exchange debtors, Alameda Research and other potential litigants, lawyers said.

Lawyers pointed to the “toxic atmosphere in the media”, which arose not without the influence of the new CEO of the platform.

“Ray’s repeated attacks on Bankman-Freed, which have little to do with his role in recovering assets from creditors, seem to be more aimed at publicly vilifying the latter. [Это] left the SBF no choice but to respond”, lawyers explained.

The experts also pointed to the US government’s use of double standards in reference to several articles that “were aimed at damaging the reputation of Bankman-Fried.”

In total, the US Attorney’s Office incriminated the SBF with 13 criminal offenses. He pleaded not guilty to any of the counts. Hearings are scheduled for October 3rd.

Earlier, Ellison and the CTO of the exchange, Gary Wang, pleaded guilty to charges related to the collapse of the platform and agreed to cooperate with the investigation. The ex-head of Alameda Research spoke about manipulating the price of the FTT utility token.

Recall that Allison also admitted to deliberately defrauding creditors. According to her, she “knew it was wrong.” The ex-head of Alameda, along with the former CEO of FTX, hid agreements from investors and forged financial statements.

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