Fun

News Feed - 2023-09-22 05:09:00

Turner Wright12 hours agoJudge grants DOJ motions barring testimony of Sam Bankman-Fried’s witnessesJudge Lewis Kaplan left the door open for SBF’s defense team to call some of the precluded witnesses in response to testimony presented by the government.2289 Total views7 Total sharesListen to article 0:00NewsJoin us on social networksA federal judge has sided with the United States Department of Justice in motions aimed at precluding the testimony of seven witnesses on behalf of former FTX CEO Sam Bankman-Fried, or SBF.


In a Sept. 21 filing with the U.S. District Court for the Southern District of New York, Judge Lewis Kaplan granted in liminemotions from prosecutors that would bar certain witnesses from testifying in SBF’s criminal trial. Kaplan provided different legal grounds for granting the DOJ’s motions against certain witnesses, which included the proposed testimony being “not at all clear,” irrelevant to the trial, or would otherwise seemingly obfuscate the facts of the case for the jury.


The witnesses at issue in the criminal case included Thomas Bishop, Brian Kim, Bradley Smith, Lawrence Akka, Joseph Pimbley, Peter Vinella and Andrew Di Wu, many of whom are professionals in the legal field. Court filings from Aug. 28 suggested that SBF’s legal team could have paid upward of $1,200 per hour for their testimony. 


Kaplan left the door open for SBF’s defense team to call some of the individuals in response to testimony from witnesses for the U.S. government. However, he denied a motion from Bankman-Fried’s lawyers, which could have excluded testimony from Peter Easton, a University of Notre Dame accountancy professor who will speak on FTX customer fiat accounts.


Related:Sam Bankman-Fried says, ‘I did what I thought was right,’ in leaked docs: Report


Bankman-Fried is scheduled to appear before Kaplan for his first criminal trial on Oct. 3, where he will face seven criminal charges related to the alleged misuse of user funds at FTX and Alameda Research. He will face another five criminal charges in a March 2024 trial. SBF has pleaded not guilty to all counts.


Since a federal judge revoked his bail in August, SBF has been largely remanded to the Metropolitan Detention Center in Brooklyn until the start of his trial. On Sept. 21, a three-judge panel denied an appeal from the former FTX CEO’s legal team arguing for early release largely on First Amendment grounds.


Magazine:Can you trust crypto exchanges after the collapse of FTX?# Court# Crimes# Sam Bankman-Fried# FTX# RegulationAdd reactionAdd reactionRead moreHow to actually spend your Bitcoin, ExplainedSEC embroiled in court cases; Hester Peirce says crypto firms shouldn’t give up on USLatvia central bank opens to fintech with ‘Innovation Hub’

News Feed

Solana Chart Setup Hints At Renewed Momentum – Buyers Positioning For Upside?
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
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $24,000 to Lowest Level Since December 2020
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $24,000 to Lowest Level Since December 2020 Bitcoin fell to its lowest level since December 2020 to start the trading week, as
Chainlink’s CCIP protocol and Automation now live on Gnosis
Vince Quill8 hours agoChainlink’s CCIP protocol and Automation now live on GnosisGnosis developers can now outsource their heavy computing to the oracle network while reducing gas fees by up to 90%, spokespeople said.1
Senator Rand Paul Warns the US Has Similar Statutes to Emergencies Act in Canada
Senator Rand Paul Warns the US Has Similar Statutes to Emergencies Act in Canada U.S. Senator Rand Paul says “statutes that allow presidents or heads of state to invoke emer
Breaking NFTs to Pieces: These 4 Projects Are Fractionalizing Grimes, Banksy, Cryptopunk NFTs
Breaking NFTs to Pieces: These 4 Projects Are Fractionalizing Grimes, Banksy, Cryptopunk NFTs While non-fungible token (NFT) collectibles have been all the rage,
Undefeated Gilberto ‘Zurdo’ Ramirez Heads to the Ring With Bitcoin.com in His Corner
Undefeated Gilberto ‘Zurdo’ Ramirez Heads to the Ring With Bitcoin.com in His Corner Gilberto ‘Zurdo’ Ramírez, a Mexican boxer with an impeccable professiona
Nomura and Ripple Partner SBI Holdings Support XRP, Reject Token’s Categorization as Security
Nomura and Ripple Partner SBI Holdings Support XRP, Reject Token"s Categorization as Security As XRP continues to plummet in value due to Ripple’s turmoil
Tom Brady’s NFT Platform Inks Deal With Draftkings and Lionsgate
Tom Brady"s NFT Platform Inks Deal With Draftkings and Lionsgate On Wednesday, the non-fungible token (NFT) platform called Autograph, co-founded by the Super Bo
Prashant Jha13 hours agoAbracadabra proposes hiking loan interest rate by 200% to manage Curve riskThe Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem, with several lending protocols rushing to
Prashant Jha4 hours agoAudits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance RedefinedUniswap’s founder burned $650 billion of HayCoin, amounting to 99% of the token’s supply.1
Egyptian Fintech Raises $31 Million in Series B Funding Round
Egyptian Fintech Raises $31 Million in Series B Funding Round Moneyfellows, an Egyptian fintech startup specializing in digitizing money circles, recently announced the close of it
Binance Enters Korean Market With New Business Entity
Binance may have taken another step toward launching a crypto exchange arm in South Korea. Binance’s presence the Korean market was confirmed Friday by CoinDesk Korea, after t