Sam Bankman-Fried’s legal team turns over docs related to NYT story, requests they be sealed


Related articles

Legal professionals representing former FTX CEO Sam Bankman-Fried, often known as ‘SBF’, have requested the courtroom seal paperwork associated to his interviews with a New York Occasions reporter revealing particulars about his relationship with Caroline Ellison. 

In a July 27 submitting in United States District Courtroom for the Southern District of New York, Bankman-Fried’s authorized staff stated it had offered the courtroom and Division of Justice with paperwork the previous FTX CEO had proven a reporter which led to particulars in Ellison’s personal journals being printed. The attorneys requested Decide Lewis Kaplan enable them to file the paperwork below seal, citing “the necessity to keep away from their public dissemination”.

Prosecutors within the case have pushed for SBF’s $250-million bail to be revoked, claiming he used his freedom to intimidate Ellison — his former romantic associate and colleague — who is anticipated to supply testimony towards the previous FTX CEO. Information outlet Inside Metropolis Press filed a letter of opposition to the request to seal the paperwork, claiming that any order to take action could be “internally inconsistent”:

“The defendant already gave them to at least one media outlet. It’s akin to the evisceration of a Freedom of Data Act exemption by a document being already publicly out there.”

Among the many particulars of Ellison’s journals within the printed NYT story included her describing feeling overwhelmed by her place at Alameda Analysis, and her break up with SBF. It is unclear what different info, if any, on Bankman-Fried or Ellison would possibly come to gentle ought to the decide deny the request to seal.

Associated: Sam Bankman-Fried’s brother planned to buy island and prep for apocalypse: court filing

SBF is at the moment below a brief gag order imposed on July 26 which largely prevents him from making any extrajudicial statements associated to his prison case till the dedication of arguments on bail. Decide Kaplan will accept arguments from prosecutors on July 28 and from Bankman-Fried’s authorized staff on Aug. 3 concerning his bail situations, which might result in him being detained till his October trial.

Prosecutors informed Decide Kaplan on July 27 they expected to drop the cost regarding violations of marketing campaign finance towards SBF as a result of situations of an extradition settlement with The Bahamas. The previous FTX CEO nonetheless faces 12 prison counts, which will likely be unfold throughout two trials scheduled for October 2023 and March 2024.

Journal: Can you trust crypto exchanges after the collapse of FTX?