Key Points:
- Sam Bankman-Fried is expected to testify and his lawyers wish to question him about the role of the company’s advisors
- The defense team seeks to demonstrate Bankman-Fried’s ‘good faith’
- Judge Lewis A. Kaplan recently rejected a request to have FBI special agents testify
The founder of the FTX exchange platform, Sam Bankman-Fried, is about to take the witness stand once again. His lawyers have requested permission to question him about the role of FTX’s lawyers in certain company operations. This move aims to demonstrate that Bankman-Fried ‘acted in good faith’.
But that’s not all. Sam Bankman-Fried’s lawyers have also sent a letter to Judge Lewis A. Kaplan, in which they express their desire to question their client about his ‘knowledge of industry standard practices’. The goal is to counter recent allegations by Gary Wang (former executive at FTX), who claimed that SBF had orchestrated the transfer of assets to regulators in the Bahamas on November 12, 2022, against the advice of FTX advisors.
Follow SBF’s Testimony Live in Court
Furthermore, this story comes after Judge Kaplan denied a request from Bankman-Fried’s lawyers to have FBI special agents Luke Booth and Kristin Allain testify in court on Thursday. This decision comes after Gary Wang, FTX’s former co-founder, and Nishad Singh, head of engineering, testified inconsistently with what they had previously told the FBI.
All eyes are now on Sam Bankman-Fried’s impending testimony, which could be a decisive moment in this complex and highly-publicized case. As a reminder, you can follow the entire trial live from our Twitter account.
