Sam Bankman-Fried's lawyers challenge customers' testimony on how FTX used their assets

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Sam Bankman-Fried's lawyers challenge customers' testimony on how FTX used their assets
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SBF's lawyers are contesting prosecutors’ moves to call on customers to testify on their understanding of how FTX used their assets.

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparronot long before his trial kicked off in New York on Tuesday, where Bankman-Fried faces multiple fraud charges and potentially decades in prison.Learn more about Access Protocol

Sam Bankman-Fried’s lawyers are contesting prosecutors’ moves to call on customers and investors to testify about how they understood the now failed crypto exchange would use their assets.was filed not long before Bankman-Fried’s trial kicked off in New York on Tuesday, where the former FTX CEO faces multiple fraud charges and potentially decades in prison.

“The motion is premature. Decisions on specific testimony from specific witnesses relating to their individual understanding of specific statements or aspects of their relationship with FTX or Mr. Bankman-Fried cannot be decided in the abstract,” Bankman-Fried’s lawyers said.Other letters were filed by Bankman-Fried’s defense ahead of Tuesday’s trial, which is expected to last several weeks.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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