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SBF Lawyers Introduces Jury Instruction with Hopes of A Not Guilty Verdict

Published:

In a bid to prove that the fraud indictment of Sam Bankman-Fried was not correct, his attorneys introduced suggested jury instructions hoping to get a “not guilty” verdict.

Through a letter written to the presiding Judge, Kaplan, in the lawsuit against Sam Bankman-Fried, SBF’s attorneys introduced instructions that were given by the Jury and other supporting authorities regarding “terms of service”.

READ ALSO:Ripple Forms New Alliance With Uphold To Boost Cross-Border Crypto Payments

According to the attorney’s letter, the relationship between FTX and its customers was by the Terms of Service.

Moreover, it is supported by the English Law which doesn’t create trust or the same fiduciary relationship with FTX and their customers.

Fast Facts

  • The court filings revealed that the defense team of Sam Bankman-Fried is claiming that the fraud indictment against SBF by the Department of Justice (DOJ) isn’t right.
  • The attorneys further filed that according to the jury instruction, if peradventure, a fraud occurred in the relationship between FTX and its customers, then it means that there was an existence of trust, fiduciary relationship, or such other relationship between the 2 parties.
  • Furthermore, the defense team of SBF filed backup documents that disclosed court cases according to English law. With this latest move, the team is making their last effort to show that Bankman-Fried exhibited good conduct regarding the Terms of Service.
  • However, earlier on, the DOJ disputed that the Terms of Service of FTX shouldn’t be only based on the jury’s proposed instructions.
  • The DOJ maintained that the court should also consider other misleading conduct and misrepresentations by FTX and its former CEO which are vital to the case.
  • Meanwhile, during the testimonies by witnesses, SBF’s internal team revealed that Bankman-Fried was the sole decision and rule maker regarding the operations at Alameda Research Institute and FTX.

What’s Happening In Crypto Today?

As of the time of this writing, Bitcoin is changing hands at $34,405.32, while recording a drop in market cap of 0.56% and an increase in trading volume by 20.74%.

On the side of Ethereum, its price at the moment is at $1,801.70, with a decrease in market cap by 1.10% and an increase in trading volume by 14.69%.

  • While, Tether USDT at this moment sells at $1.00, while seeing an increase in market cap of 0.13% and an increase also in trading volume by 27.83%.
  • On the other hand, BNB is presently trading at $227.24, with a drop in market cap by 0.40% and an increase in trading volume by 12.11%.
  • On the side of XRP, its price right now is at $0.5742, while recording a slight rise in market cap of 2.64% and an increase in trading volume of 92.28%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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