Sam Bankman-Fried’s legal team moves to pursue theory on FTX terms of service

The problem at stake includes contending theories by prosecutors and the defense group over the alleged misuse of FTX funds.According to Bankman-Frieds lawyers, prosecutors intended to call witnesses and establish their “understanding and expectation” of how their deposits at FTX would be utilized. Source: PACERDefense lawyers petitioned the court to enable them to question witnesses for the prosecution based on FTXs terms of service, as well as preclude statement from “ordinary truth witnesses”. BlockFi creator CEO Zac Prince took the stand late on Oct. 12 and into Oct. 13, affirming on a $400-million credit line the company supplied to FTX US in July 2022 and the ripples caused by the collapse of Terraform Labs and Three Arrows Capital.

The concern at stake includes competing theories by prosecutors and the defense team over the supposed misuse of FTX funds.According to Bankman-Frieds legal representatives, prosecutors intended to call witnesses and develop their “understanding and expectation” of how their deposits at FTX would be utilized. Source: PACERDefense lawyers petitioned the court to allow them to question witnesses for the prosecution based on FTXs terms of service, as well as preclude testament from “ordinary fact witnesses”. BlockFi founder CEO Zac Prince took the stand late on Oct. 12 and into Oct. 13, testifying on a $400-million credit line the firm supplied to FTX United States in July 2022 and the ripples caused by the collapse of Terraform Labs and Three Arrows Capital.