Sam Bankman-Fried’s legal team advances a notion about the terms of service of FTX.
The post Sam Bankman-Fried’s legal team advances a notion about the terms of service of FTX. appeared on BitcoinEthereumNews.com. Legal advocates filed a petition with the court, aiming to secure the right to interrogate prosecution witnesses based on FTX’s terms of service. Simultaneously, they sought to preclude any testimonies from what they referred to as “lay fact witnesses.” The legal representatives of the former CEO of FTX, Sam “SBF” Bankman-Fried, are actively pursuing the introduction of specific elements from the cryptocurrency exchange’s terms of service during the upcoming witness testimonies. Their efforts were officially recorded in a filing dated October 12th within the United States District Court for the Southern District of New York, underscoring their intention to address “certain evidentiary matters” pertaining to the ongoing criminal trial. The core of the dispute revolves around the competing narratives presented by the prosecution and the defense regarding the alleged misuse of FTX’s financial resources. According to Bankman-Fried’s legal team, the prosecutors intended to summon witnesses to elucidate their “comprehension and anticipations” concerning the utilization of their deposits within FTX. On the opposing side, defense attorneys asserted that, irrespective of the users’ understanding of FTX’s terms of service, adherence to these terms constituted a valid defense against the charges. The filing articulates the defense’s stance, contending, “The legal rights and obligations within a commercial relationship should not be predicated on the parties’ expectations and understandings, particularly concerning the misappropriation theory derived from federal fraud statutes.” The document further anticipates the interrogation of witnesses, who had previously been customers, investors of FTX, and lenders to Alameda, with the goal of extracting testimonies regarding the pivotal factors they considered significant when entering into the agreements and transactions central to the ongoing trial. This filing was documented on October 12th by the legal team representing Sam Bankman-Fried within the U.S. District Court for the Southern District of New York, as confirmed through the PACER…
The post Sam Bankman-Fried’s legal team advances a notion about the terms of service of FTX. appeared on BitcoinEthereumNews.com.
Legal advocates filed a petition with the court, aiming to secure the right to interrogate prosecution witnesses based on FTX’s terms of service. Simultaneously, they sought to preclude any testimonies from what they referred to as “lay fact witnesses.” The legal representatives of the former CEO of FTX, Sam “SBF” Bankman-Fried, are actively pursuing the introduction of specific elements from the cryptocurrency exchange’s terms of service during the upcoming witness testimonies. Their efforts were officially recorded in a filing dated October 12th within the United States District Court for the Southern District of New York, underscoring their intention to address “certain evidentiary matters” pertaining to the ongoing criminal trial. The core of the dispute revolves around the competing narratives presented by the prosecution and the defense regarding the alleged misuse of FTX’s financial resources. According to Bankman-Fried’s legal team, the prosecutors intended to summon witnesses to elucidate their “comprehension and anticipations” concerning the utilization of their deposits within FTX. On the opposing side, defense attorneys asserted that, irrespective of the users’ understanding of FTX’s terms of service, adherence to these terms constituted a valid defense against the charges. The filing articulates the defense’s stance, contending, “The legal rights and obligations within a commercial relationship should not be predicated on the parties’ expectations and understandings, particularly concerning the misappropriation theory derived from federal fraud statutes.” The document further anticipates the interrogation of witnesses, who had previously been customers, investors of FTX, and lenders to Alameda, with the goal of extracting testimonies regarding the pivotal factors they considered significant when entering into the agreements and transactions central to the ongoing trial. This filing was documented on October 12th by the legal team representing Sam Bankman-Fried within the U.S. District Court for the Southern District of New York, as confirmed through the PACER…
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