Fun

News Feed - 2023-07-24 03:07:25

Brayden Lindrea2 hours agoFTX’s Bankman-Fried seeks gag order for all witnesses in criminal caseLawyers representing SBF have agreed to a gag order preventing him from making comments that could sway his criminal trial but says it should apply to other witnesses too.2179 Total views33 Total sharesListen to article 0:00NewsJoin us on social networksFormer FTX CEO Sam Bankman-Fried has agreed to a gag order preventing him from making comments to third parties that may interfere with his trial — but argues other potential witnesses should be gagged as well, including current FTX CEO John Ray.


The gag order against Sam Bankman-Fried was initially requested on July 20, when the U.S. government accused the FTX founder of attempting to interfere with a fair trial by publicly discrediting former business partner and witness Caroline Ellison in an interview with the  New York Times.


In a July 22 letter to United States District Court Judge Lewis A. Kaplan of New York, Bankman-Fried’s lawyer firm Cohen & Gresser LLP denied the accusations but agreed to accept a gag order as requested.


A gag order is a legal order often issued by a court to restrict information or comment from being made public or passed onto any unauthorized third party. In this case, Bankman-Fried will no longer be able to make comments that publicly discredit a government witness by sharing confidential information that may taint the jury pool.Legal filing by Cohen & Gresser LLP to District Court Judge Lewis Kaplan in New York. Source: Courtlistener


However, in accepting the relief, Bankman-Fried’s lawyers also want the same gag order to be applied to all parties and witnesses that could be involved in his criminal trial.“We respectfully request that any such relief, however, should apply not just to Mr. Bankman-Fried, but equally to all ‘parties and witnesses’ — namely, the Government and all potential witnesses in this case.”


This would include the U.S. government, former employees of cryptocurrency exchange FTX, FTX Debtor entities, Alameda Research and other potential witnesses involved in the case, according to the attorneys.


Explaining the request, the lawyers said there has been a “toxic media environment” surrounding their client since the collapse of the exchange, noting that FTX CEO John Ray was one of the bigger culprits.


“Most notably, the current CEO of the FTX Debtor entities, John J. Ray III, who has routinely (and gratuitously) attacked and vilified Mr. Bankman-Fried in his public comments and filings in the FTX bankruptcy proceedings,” they said.


“Mr. Ray’s repeated ad hominem attacks on Mr. Bankman-Fried — which have very little [to] do with his role recovering assets for FTX creditors and seem more directed towards publicly vilifying Mr. Bankman-Fried. [This] has left Mr. Bankman-Fried with little choice but to respond,” the lawyers added.


Related:Sam Bankman-Fried’s brother planned to buy island and prep for apocalypse: court filing


The law firm argued that the U.S. government was applying a double standard by touting several articles that sought to harm SBF’s reputation. This formed the basis of their request for the same gag order for SBF.


SBF pleaded not guilty to a series of fraud charges for the alleged role he played leading to the bankruptcy of FTX. The trial for SBF’s fraud charges begins on October 3.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Web3 Gamer: ‘Ethical’ SBF game axed, Web3 games sign-up process sucks, Tomb Chaser# Altcoin# Law# Business# Bankruptcy# New York# Court# Sam Bankman-Fried# FTX# RegulationAdd reactionAdd reactionRelated NewsHow to create and sell Bitcoin NFTsThe European Commission’s Web4 strategy might be a flopUS law protects institutions and exposes retail investors — Rep. TorresFTX alleges former exec used ‘hush money’ to silence whistleblowersFTX reboot on the way: CEO holds talks with ‘interested parties’ — ReportWinklevoss slams DCG’s Silbert — Not even SBF was ‘capable of such delusion’

News Feed

Bitcoin Price Outlook for April: BTC Hits $31,000, What Next?
Bitcoin Price Outlook for April: BTC Hits $31,000, What Next? At the halfway point of April, bitcoin has risen beyond the $31,000 point for the first time in ten months. This rise
Bexplus Offers 100x Leverage Crypto Trading and Doubles Your Deposit
Bexplus Offers 100x Leverage Crypto Trading and Doubles Your Deposit press release PRESS RELEASE.To help traders earn more cryptocurrency, leading crypto derivatives exchange Bexplu
Why XRP price might jump 70% vs. BTC after the Bitcoin halving
Yashu Gola11 hours agoWhy XRP price might jump 70% vs. BTC after the Bitcoin halvingWhale accumulation patterns and critical Bitcoin halving fractals suggest a significant rebound for XRP/BTC price in the upcoming months
Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice
Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice After the crypto lending platform Celsius halted operations on June 12,
Tokenized Assets To Hit $100 Trillion — Ethereum Set To Be The Backbone
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
SEC sanctioned for ‘abuse of power,’ probes Ethereum: Law Decoded
David Attlee4 hours agoSEC sanctioned for ‘abuse of power,’ probes Ethereum: Law DecodedThe U.S. Securities and Exchange Commission wants an extra $158 million to address the “Wild West of the crypto markets.”254
Biggest Movers: SOL Over 8% Higher to Start the Week
Biggest Movers: SOL Over 8% Higher to Start the Week Solana rose by as much as 8% to start the week, as the token moved toward a one-month high. The token climbed for a second stra
Bitcoin Price Slips Below $102,000 — Here’s The Next Support In Sight
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease
Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease While several market strategists and analysts expect U.S. in
Ana Paula Pereira7 hours agoOPNX exchange bids for crypto lender Hodlnaut in Singapore: ReportIf approved, the deal would see a capital injection of nearly $30 million worth of FLEX tokens into Hodlnaut to partially cove
Report: The Metaverse Might Contribute $320 Billion to Latam’s GDP in the Next 10 Years
Report: The Metaverse Might Contribute $320 Billion to Latam"s GDP in the Next 10 Years A new report indicates that the metaverse might be a significant factor in the growth of eco