{"id":23210,"date":"2023-10-01T07:47:23","date_gmt":"2023-10-01T07:47:23","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management\/"},"modified":"2023-10-01T07:47:25","modified_gmt":"2023-10-01T07:47:25","slug":"doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management\/","title":{"rendered":"DOJ readies witnesses in Bankman-Fried trial, highlights FTX asset management"},"content":{"rendered":"<div data-v-ff33fc9a=\"\">\n<p>The Department of Justice (DOJ) has confirmed its intention to summon former FTX clients, investors and staff as witnesses in the upcoming trial involving Sam Bankman-Fried, the former FTX CEO.<\/p>\n<p>The DOJ submitted a letter motion <em>in limine<\/em> on Sept. 30 describing the witnesses it intends to call concerning FTX\u2019s treatment of customer assets.<\/p>\n<p>The testimonies intend to provide perspectives on the interactions between the accused and the witnesses. It also aims to get the witnesses\u2019 understanding of Bankman-Fried\u2019s remarks and conduct, particularly regarding FTX\u2019s asset management. The DOJ intends to highlight the experiences of retail and institutional clients who entrusted substantial assets to FTX, believing that the platform would safeguard them securely.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Court filing in the United States District Court for the Southern District of New York. Source: CourtListener<\/em><\/figcaption><\/figure>\n<p>Furthermore, a distinctive situation has emerged concerning one of the DOJ\u2019s witnesses, \u201cFTX Customer-1,\u201d who resides in Ukraine. Given the ongoing conflict, traveling to the U.S. to provide testimony is associated with difficulties. Consequently, the DOJ has suggested using video conferencing as a viable alternative. However, Bankman-Fried\u2019s defense has not yet approved this proposal.<\/p>\n<p>Nonetheless, the legal team representing Bankman-Fried, led by lawyer Mark Cohen, has voiced concerns about the jury questions put forth by the DOJ. According to Bankman-Fried\u2019s defense, these interrogations insinuate guilt on Bankman-Fried&#8217;s part, potentially undermining the principle of &#8220;innocent until proven guilty.&#8221;<\/p>\n<p>Additionally, the defense contends that these inquiries may not effectively uncover the jurors&#8217; inherent biases, especially if related to their personal encounters with cryptocurrencies. Moreover, certain questions could inadvertently guide the jury&#8217;s perspective instead of eliciting authentic insights, possibly compromising the trial&#8217;s impartiality.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Sam Bankman-Fried\u2019s lawyer challenges US gov\u2019t proposed jury questions<\/em><\/strong><\/p>\n<p>With the jury selection scheduled to start on Oct. 3, closely followed by the trial, the spotlight is firmly on this high-stakes legal confrontation. This case underscores not only its immediate consequences but also underscores the vital importance of transparent communication and unbiased questioning in upholding the principles of justice.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>Deposit risk: What do crypto exchanges really do with your money?<\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Department of Justice (DOJ) has confirmed its intention to summon former FTX clients, investors and staff as witnesses in the upcoming trial involving Sam Bankman-Fried, the former FTX CEO. The DOJ submitted a letter motion in limine on Sept. 30 describing the witnesses it intends to call concerning FTX\u2019s treatment of customer assets. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-23210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DOJ readies witnesses in Bankman-Fried trial, highlights FTX asset management | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DOJ readies witnesses in Bankman-Fried trial, highlights FTX asset management | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"The Department of Justice (DOJ) has confirmed its intention to summon former FTX clients, investors and staff as witnesses in the upcoming trial involving Sam Bankman-Fried, the former FTX CEO. The DOJ submitted a letter motion in limine on Sept. 30 describing the witnesses it intends to call concerning FTX\u2019s treatment of customer assets. The [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-01T07:47:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-01T07:47:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/10\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMTAvODMxYjBhODMtODU1Mi00N2JiLWIyMTQtYTBiNjJmYTVlYWQzLmpwZw.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1160\" \/>\n\t<meta property=\"og:image:height\" content=\"773\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"DOJ readies witnesses in Bankman-Fried trial, highlights FTX asset management\",\"datePublished\":\"2023-10-01T07:47:23+00:00\",\"dateModified\":\"2023-10-01T07:47:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management\/\"},\"wordCount\":362,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/10\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMTAvODMxYjBhODMtODU1Mi00N2JiLWIyMTQtYTBiNjJmYTVlYWQzLmpwZw.jpg\",\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/crypto\/doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/crypto\/doj-readies-witnesses-in-bankman-fried-trial-highlights-ftx-asset-management\/\",\"name\":\"DOJ readies witnesses in Bankman-Fried trial, highlights FTX asset management | NFT &amp; 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