• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 13, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Prosecutors don’t want to allow SBF to contact witnesses

by Om Chaturvedi
January 31, 2023
in Crypto
Reading Time: 2 mins read
0
SBF

Credits: Big Indy News

TwitterWhatsappLinkedin

Sam Bankman-Fried (SBF), the former CEO of FTX, is denying claims that he attempted to influence witnesses in his financial fraud case. According to court filings, prosecutors claim that SBF contacted potential witnesses to sway their testimony. On Saturday, Bankman-Fried’s lawyer vehemently denied these allegations, accusing the prosecution of misrepresentation.

You might also like

GoldenMining users’ daily revenue rises to $9,700 as Bitcoin breaks through $118,000.

GMX Exploiter Returns $40M After $42M Hack

Bitcoin Surges Past $118,000 Ahead of U.S. House ‘Crypto Week’

Bankman-Fried’s attorney Mark Cohen asked the judge to allow his client to meet some people involved in FTX. SBF needs to participate in his defense, Cohen said. These remarks come after the prosecution alleged that SBF tried to reach out to at least one FTX employee to try and influence his testimony.

SBF's $50 million deposits seized in a tiny rural bank
Credits: Cryptoslate

The defense denies that characterization, saying it was “merely an innocuous attempt to offer assistance in FTX’s bankruptcy process and does not reflect misconduct that warrants the restriction the Government proposes here.” Instead, SBF’s lawyer claims that the prosecution is spinning SBF in the “worst possible light” and ignoring the “full context” of the case.

Bankman-Fried wrote to Miller via Signal. He reportedly asked for a “constructive relationship” and suggested using each other as resources. Prosecutors allege that in addition to Miller, SBF contacted “current and former FTX employees.” The government wants Bankman-Fried’s access to Signal — and other encrypted messaging platforms — cut off to “prevent obstruction of justice.”

Ex-Alameda CEO Caroline Ellison testified that Bankman-Fried indicated “many legal cases turn on documentation, and it is more difficult to build a legal case if information is not written down or preserved.”

SBF
Credits: The Crypto Basics

Bankman-Fried has pleaded not guilty to a litany of fraud-related charges. After being released to his parent’s custody on a $250 million bond, he is due back in court in October. CNBC said he and his representatives have declined to comment on the situation.

The outcome of the prosecutors’ request regarding Signal will likely determine how the crypto community and authorities view encrypted messaging software in similar cases in the future. It remains to be seen whether this case will result in a new understanding of witness tampering related to encrypted messaging technology.

“Efforts by the defendant to improve his relationship with potential witnesses that may testify against him may itself constitute witness tampering,” the letter states. “Were the defendant to ‘vet’ his version of relevant events with potential witnesses, that might have the effect of discouraging witnesses from testifying in a manner contrary to the defendant’s narrative.”

FTX Fraud to be Investigated by US Justice Department 

Prosecutors said they want Bankman-Fried’s contact to be limited as soon as possible to prevent any potential witness tampering before the government can interview employees they may not have spoken to yet, the letter states.

In a response letter filed to the court Saturday morning, Bankman-Fried’s lawyers proposed forbidding contact with a select list of witnesses, as they argued it is unreasonable to prohibit contact to hundreds of current and former employees.

Bankman-Fried’s lawyers also said the message to FTX’s general counsel is “more reasonably read” as an offer to help FTX navigate its ongoing bankruptcy case. They noted that his Signal messages no longer have the auto-delete function turned on, adding it was “irrelevant” to mention Ellison’s comments about the benefits of the function.

Tags: #CryptoFTXsbf
Tweet54SendShare15
Previous Post

Binance halted services to several accounts amid Bitzlato case

Next Post

Binance collaborating with Mastercard to launch prepaid crypto card in Brazil

Om Chaturvedi

Om is a final year Engineering student in Panjab University, Chandigarh. Content Writer by Choice. Special Interest in Crypto, Metaverse and AI. Three Years of Experience in writing and ambitious to bring change with Pen & thoughts.

Recommended For You

GoldenMining users’ daily revenue rises to $9,700 as Bitcoin breaks through $118,000.

by Techstory
July 12, 2025
0
GoldenMining users’ daily revenue rises to $9,700 as Bitcoin breaks through $118,000.

As the price of Bitcoin is about to break through the important mark of $118,000 this week, the crypto asset market has entered a new stage of bull...

Read more

GMX Exploiter Returns $40M After $42M Hack

by Anindya Paul
July 12, 2025
0
GMX

On July 9, 2025, decentralized perpetual futures platform GMX suffered a $42 million exploit. Yet, in a surprising turn, the hacker returned almost the entire haul within 48...

Read more

Bitcoin Surges Past $118,000 Ahead of U.S. House ‘Crypto Week’

by Anindya Paul
July 11, 2025
0
Bitcoin

Bitcoin climbed to a fresh all time high of approximately $118,071—or up to $118,900 depending on timing—early on Friday, July 11, 2025, marking a more than 25 percent gain...

Read more
Next Post
Binance collaborating with Mastercard to launch prepaid crypto card in Brazil

Binance collaborating with Mastercard to launch prepaid crypto card in Brazil

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?