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Former FTX CEO Sam Bankman-Fried Agrees to Courtroom Gag Order however There’s Catch


In response to the attorneys, there appears to be a deliberate try by the media to vilify Sam Bankman-Fried.

The previous FTX CEO Sam Bankman-Fried (SBF), who’s presently on trial in a prison case, has agreed to a “gag order” by the court docket. By provision, the gag order prevents SBF from making any public feedback which will have an effect on his trial or affect the ruling.

The US authorities had requested the gag order after SBF not too long ago made some snide feedback about his former enterprise affiliate and witness Caroline Ellison. That was in an interview with the New York Occasions.

Nonetheless, the US authorities noticed that transfer as an try and sway the continuing trial, therefore the explanation for the request.

Former FTX CEO Sam Bankman-Fried Accepts however Information Counter-Demand

In response to a letter dated July 22, it seems that SBF has now agreed to the gag order. The letter was addressed to the USA District Courtroom Choose Lewis A. Kaplan of New York and submitted by way of Bankman-Fried’s attorneys Cohen & Gresser LLP.

And although his attorneys denied the preliminary allegations in opposition to SBF, they’ve accepted the request.

Apparently, nonetheless, the letter additionally seeks to have the identical gag order prolonged to all potential witnesses within the case. And that features present FTX CEO John Ray. An excerpt from the letter reads:

“We respectfully request that any such reduction, nonetheless, ought to apply not simply to Mr. Bankman-Fried, however equally to all ‘events and witnesses’ – specifically, the Authorities and all potential witnesses on this case.”

In response to the attorneys, there appears to be a deliberate try by the media to vilify Sam Bankman-Fried. And on the heart of that smear marketing campaign is the present CEO of the FTX Debtor entities, John J. Ray III.

SBF’s attorneys declare that John Ray has continued to assault their consumer in his public feedback and filings within the FTX chapter proceedings. And these assaults, per the attorneys, don’t in any manner contribute to recovering any belongings for FTX collectors.

So, for it to not quantity to double requirements on the a part of the US authorities, the regulation agency now seeks the identical gag order for all events.

The trial for SBF’s fraud costs will start on October 3.


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Mayowa is a crypto fanatic/author whose conversational character is kind of evident in his type of writing. He strongly believes within the potential of digital belongings and takes each alternative to reiterate this.
He is a reader, a researcher, an astute speaker, and in addition a budding entrepreneur.
Away from crypto nonetheless, Mayowa’s fancied distractions embody soccer or discussing world politics.

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