Former FTX CEO Sam Bankman-Fried’s upcoming testimony has been outlined in a letter to Judge Lewis Kaplan by his lawyer, Mark Cohen.
In the letter submitted by Cohen to inform the court of the planned testimony during Bankman-Fried’s direct examination, the defense requested approval to obtain testimony regarding Bankman-Fried’s awareness of counsel’s participation in specific matters, following the court’s order from Oct. 1, 2023.
FTX, FTX US and Alameda Research entered bankruptcy proceedings on Nov. 11, 2022, with Bankman-Fried resigning as CEO. He was arrested in the Bahamas on Dec. 12 after the United States government formally notified the country of charges against him. Meanwhile, FTX co-founder Gary Wang and former Alameda Research CEO Caroline Ellison agreed to plead guilty to the charges made against them and are cooperating with the government.
Bankman-Fried’s testimony would challenge government allegations, particularly concerning counsel involvement in events such as auto-deletion policies, creating north dimension entities, the payment agent agreement, loans from Alameda and drafting FTX terms of service.
The defense argues that Bankman-Fried’s understanding of legal…
