[ad_1]
The Division of Justice (DOJ) has confirmed its intention to summon former FTX shoppers, buyers and workers as witnesses within the upcoming trial involving Sam Bankman-Fried, the previous FTX CEO.
The DOJ submitted a letter movement in limine on Sept. 30 describing the witnesses it intends to name regarding FTX’s therapy of buyer belongings.
The testimonies intend to supply views on the interactions between the accused and the witnesses. It additionally goals to get the witnesses’ understanding of Bankman-Fried’s remarks and conduct, significantly concerning FTX’s asset administration. The DOJ intends to spotlight the experiences of retail and institutional shoppers who entrusted substantial belongings to FTX, believing that the platform would safeguard them securely.
Moreover, a scenario has emerged regarding one of many DOJ’s witnesses, “FTX Buyer-1,” who resides in Ukraine. Given the continued battle in Ukraine, touring to the U.S. to supply testimony is related to difficulties. The DOJ has prompt utilizing video conferencing as a viable different. Nevertheless, Bankman-Fried’s protection has not but accepted this proposal.
Nonetheless, the authorized crew representing Bankman-Fried, led by lawyer Mark Cohen, has voiced concerns about the jury questions put forth by the DOJ. In keeping with Bankman-Fried’s protection, these interrogations insinuate guilt on Bankman-Fried’s half, doubtlessly undermining the precept of “harmless till confirmed responsible.“
Associated: Sam Bankman-Fried’s lawyer challenges US gov’t proposed jury questions
Moreover, the protection contends that these inquiries could not successfully uncover the jurors’ inherent biases, particularly associated to their encounters with cryptocurrencies. Furthermore, particular questions may inadvertently information the jury’s perspective as an alternative of eliciting genuine insights, probably compromising the trial’s impartiality.
With the jury choice scheduled to start out on Oct. 3, carefully adopted by the trial, the highlight is on this high-stakes authorized confrontation.
Journal: Deposit risk: What do crypto exchanges really do with your money?
[ad_2]
