FTX’s Bankman-Fried seeks gag order for all witnesses in criminal case

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Former FTX CEO Sam Bankman-Fried has agreed to a gag order barring him from commenting on third parties that could interfere with his trial, but insists other potential witnesses should be similarly gagged, including current FTX CEO John Wray.

The gag order against Sam Bankman-Fried was first requested on July 20, when the U.S. government accused the FTX founder of publicly discrediting former business partner and witness Caroline Ellison in an interview with The New York Times and attempting to obstruct a fair trial.

on July 22nd letter To Judge Louis A. Kaplan of the United States District Court of New York, Bankman-Fried’s attorneys, Cohen & Gresser LLP, denied the charges but agreed to accept the gag order. I was demanded to.

Gag orders are legal orders often issued by courts to restrict information or comments from being published or passed on to unauthorized third parties. In this case, Bankman-Fried would not be able to publicly discredit government witnesses by sharing confidential information that could tarnish the jury.

But in accepting the relief, Bankman-Fried’s lawyers also want similar gag orders to apply to all parties and witnesses who may be involved in his criminal trial.

“However, we respectfully request that such remedies apply equally not only to Mr. Bankman-Fried, but to all ‘parties and witnesses,’ the government and all potential witnesses in this case.”

Lawyers say this includes the U.S. government, former employees of cryptocurrency exchange FTX, FTX debtor groups, Alameda Research, and other witnesses who may be involved in the case.

In their explanation of the request, the lawyers noted that since the exchange’s demise, there has been a “toxic media environment” surrounding customers, with FTX CEO John Ray being one of the larger culprits.

“Most notably, John J. Ray III, the current CEO of the FTX Debtors Group, has routinely (and unfoundedly) attacked and denigrated Bankman-Fried in public comments and FTX bankruptcy filings,” they said.

“Mr. Wray’s repeated humanitarian attacks on Mr. Bankman-Fried appear to have little to do with his role in collecting assets for FTX creditors, but rather directed toward publicly defaming Mr. Bankman-Fried. [This] Bankman-Fried has little choice but to comply,” the lawyers added.

Related: Sam Bankman-Fried’s brother was planning to buy an island and prepare for the apocalypse: Court petition

The law firm alleged that the US government applied a double standard by promoting several articles that sought to damage SBF’s reputation. This formed the basis for the same gag order requirement against the SBF.

SBF has pleaded not guilty to a series of fraud charges that it allegedly played a role in leading to FTX’s bankruptcy. SBF’s fraud trial will begin on October 3.

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