Bankman-Fried’s lawyers want to block potential trial testimonies

Some witness testimonies should be blocked, SBF lawyers argued in a Monday letter to Judge Kaplan

article-image

Artwork by Crystal Le

share

As former FTX CEO Sam Bankman-Fried faces trial in New York this week, his lawyers continue to clash with the US government. 

In a letter sent to Judge Lewis Kaplan, who will oversee the trial, Bankman-Fried’s attorneys are pushing to toss a motion from the US government. 

Bankman-Fried’s trial begins with jury selection on Wednesday and is expected to last roughly six weeks.

Read more: Sam Bankman-Fried’s trial starts Oct. 3: What you need to know

According to the letter filed by the government, prosecutors are both seeking and seeking to use testimonies from FTX customers on how they believed their assets were being used, investor testimonies focused on FTX as a custodian, and “alleged coconspirator witnesses regarding their interpretation of statements made by” SBF.

Lawyers for Bankman-Fried argued that the government is seeking the motion prematurely and the testimonies are focused on the opinions and interpretations of the FTX customers. 

Bankman-Fried’s team was dealt a loss ahead of the trial when Judge Kaplan ruled in favor of the government’s motion to block a handful of expert witness testimonies. On the same grounds, Bankman-Fried’s team argues, the government should not be able to use investor testimony.

“The Second Circuit held that excluding defense expert testimony that would counter the government’s arguments as to what a reasonable investor would have found material would leave the defendant “only with the ‘victims’ of his conduct as sources of potential testimony on this issue, an odd limitation where the jury is to evaluate materiality in an objective manner,” lawyers wrote Monday.

Finally, in regards to the alleged co-conspirators, the lawyers claim that the request for testimony is both premature and vague “because none of the requisite evidentiary and factual foundations exist and it is unclear whether they ever will be.”

However, if Kaplan rules in favor of the government then the defense argues that it should, at the very least, be allowed to cross-examine the witnesses.

Blockworks reporters Casey Wagner and James Cirrone are covering Sam Bankman-Fried’s trial from the courtroom in New York. Follow for instant trial updates on their X accounts.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (1).png

Research

Aave’s revenues have doubled from April lows and are fast approaching all-time highs. With 35% of borrow interest coming from ETH and 55% from stablecoins, Aave is emerging as a powerful proxy as an ETH and stablecoin beta. As looping strategies accelerate growth and Horizon positions the protocol to ride the RWA wave, Aave is shaping up as one of DeFi’s most compelling multi-narrative plays.

article-image

Solana saw $78 million in REV for August

article-image

Lit Protocol’s Vincent is shifting agentic finance from toy demos to production rails

article-image

The new system aims to unify Europe’s fragmented tokenized asset settlement and cut cross-border costs

by Blockworks /
article-image

Tron slashed fees by 60% as Plasma looms, threatening its USDT moat

article-image

The acquisition adds evaluation-based funding to Kraken Pro, giving traders access to capital on performance

by Blockworks /
article-image

The deal merges real-time pricing data with on-chain credit ratings, aiming to boost institutional adoption of decentralized finance

by Blockworks /