Sam Bankman-Friedâs lawyers continue to claim their client is innocent and deny allegations of witness tampering. The former FTX CEO is in hot water after a discussion with a New York Times reporter.
In a court filing published on Aug. 1, 2023, lawyers representing Sam Bankman-Fried asked the court presiding over the case to revoke his bail ahead of the trial.
Sam Bankman-Friedâs Lawyers Defend Actions Ahead of Trial
The lawyers argue that the bail is âextremely thinâ to begin with and relies heavily on assumptions and unsupported claims. They go on to say that the contact with the New York Times reporter was not sufficient to justify detaining him in the first place. The filing reads,
SponsoredâThe Government is wrong. Its version of events mischaracterizes the facts and removes them from their proper context to cast Mr. Bankman-Friedâs actions and intentions in the most negative light possibleâŠWitness-1 initiated the dialogue with Mr. Bankman-Fried and that Mr. Bankman-Friedâs message to Witness-1 was not an attempt to tamper with his testimony, but an attempt to offer himself as a resource in the bankruptcy.â
With respect to the use of a VPN, Bankman-Friedâs lawyers explain that he used it to watch football. They also point out that detaining Bankman-Fried for the aforementioned reasons raises concerns about First Amendment rights.
As an additional reason for objecting to the detention, the lawyers argue that it would render Bankman-Fried unable to participate in his defense. They say that the prison does not permit inmates to have internet access, and this will cut the defendant off from key parts of the discovery process.
As such, they request the âleast restrictiveâ method to address the governmentâs concerns. The government, of course, is staunch in its position and aims to see that those strict conditions are established.
Sam Bankman-Friedâs leadership caused FTXâs collapse, leading to a chain of unfortunate events in the crypto space. Learn more about the exchange meltdown in our guide: FTX Collapse Explained: How Sam Bankman-Friedâs Empire Fell
Judge Proposes Possible Jailing of Bankman-Fried
In other news related to the trial, Bankman-Fried also faces other tough conditions regarding his bail. US District Judge Lewis Kaplan said in a hearing in a Manhattan federal court that he was restricting Bankman-Friedâs ability to communicate publicly.
This was a result of the judgeâs statement that the former FTX CEO was tampering with witnesses. Incidentally, the lawyers have also asked the judge to gag FTX witnesses.
Furthermore, the judge that he would also consider jailing him before the hearing begins on Oct. 2 if he didnât behave within acceptable bounds.
Bankman-Friedâs lawyers have argued that it would be âalmost impossibleâ to prepare for the trial if that were to happen. Both sides have until Aug. 3 to argue this particular matter.
