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SBF Files Memo Requesting That Court Deny Prosecutor Evidence

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On September 1, the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried, released a memo requesting that the court block the prosecutors’ filings.

According to the memorandum, the requests by the authorities are “unfounded and overboard.”

The Department of Justice (DOJ) recently filed requests to the court regarding the lawsuit against Sam Bankman-Fried. The department asked the court to look into specific areas of the case.

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Then, on August 28, the authorities filed a motion for the court to prevent the expert witnesses of SBF from giving their testimonials, citing that the proposed expert witnesses have many deficiencies that warrant them being banned from testifying.

Following that motion, on August 29, the prosecutors again filed a motion tagging Sam Bankman-Fried’s fraud allegation defense as “unimportant.” They asked for more disclosures to the defense, which had been already planned.

However, Mark Cohen, SBF’s lawyer, penned a letter to the court on September 1 to dismiss the “in limine” requests of the DOJ.

Fast Facts

  • According to the memo filed by Mark Cohen for Sam Bankman-Fried, the requests by the Department of Justice intend to include unimportant and prejudicial proof concerning the action that wasn’t previously charged to undercut any possible defense. He further said the memo intends to approve broad categories of rumors and additional improper evidence.
  • SBF’s memorandum claims that the DOJ’s requests are unsupported by law and can never work in practice, so the court shouldn’t consider such requests.
  • The memo argues that most of the requests made by the United States authorities can’t be addressed appropriately at this present stage of the case.
  • Sam Bankman Fried’s attorneys are currently making appeals to the court concerning its previous decision to revoke SBF’s bail, which was decided last August 11.
  • According to SBF’s defense team, the revoking of the bail was a result of retaliation against SBF for exercising his First Amendment rights.

What’s Happening In Crypto Today?

As of this writing, the price of Bitcoin is at $25,896.57, with a drop in market cap by 0.20% and an increase in trading volume by 16.54%.

On the side of Ethereum, it is presently trading at $1,633.24, with a drop in market cap by 0.13% and an increase in trading volume by 17.40%.

  • At this moment, Tether is trading at $0.9997, with a drop in market cap by 0.03% and an increase in trading volume by 16.24%.
  • Meanwhile, BNB is currently trading at $216.06, with an increase in market cap by 0.23% and an increase in trading volume by 16.52%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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