Judge rules disgraced FTX founder cannot blame bankrupt lawyers

Judge rules disgraced FTX founder cannot blame bankrupt lawyers

In his opening remarks, Judge Lewis Kaplan ruled that the disgraced FTX founder, Sam Bankman-Fried, cannot blame the bankrupt firm's lawyers.

The court argued that allowing SBF to use the 'advise of counsel' defense in his opening remarks risks jury prejudice.

Judge Kaplan did not make the ruling, saying: ''It's a complicated case,'' he said.

In August, CryptoSlate reported that SBF intends to blame the firm's internal legal team and Fenwick & West, a prominent Silicon Valley law firm, for his case against the U.S. government.

SBF lawyers said the disgraced FTX founder acted in 'good faith' as lawyers mostly review and approved decisions related to matters like using delete features and ephemeral messaging applications like Signal.

In the latest legal developments, court documents unveiled that the U.S. Department of Justice's witness list includes former FTX customers, including retail and institutional investors with substantial holdings on the defunct platform.

The former chief technology officer Gary Wang, former head of Engineering Nishad Singh, and former CEO of Alameda Research, Caroline Ellison, are also set to provide testimony against him.

In the court filing, the witnesses testified that they had 'understood their relationship with the defendant and his companies and their interpretation of statements made by the defendant and his agents'.