Share this article

Sam Bankman-Fried Defense Has 6 Witnesses to Open With: DOJ

The DOJ filing did not name any of the potential defense witnesses, and it's still unclear whether Bankman-Fried himself will testify.

Updated Oct 25, 2023, 6:28 p.m. Published Oct 24, 2023, 11:32 p.m.
jwp-player-placeholder

Sam Bankman-Fried's defense team has six potential witnesses it may call on when it opens its defense after the prosecution finishes presenting its case this week, the Department of Justice said in a Tuesday filing.

Latest News: Sam Bankman-Fried Will Take the Stand in His Own Defense

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters

The DOJ also said it now only intends to call a single witness when the trial resumes Thursday, and asked Judge Lewis Kaplan to require the defense team to begin presenting its case right after.

The court had previously agreed to let the defense start after lunch on Thursday, when the DOJ expected to call two or three witnesses, including an FTX customer and investor. The defense has proposed six witnesses to start its case, the filing said. The DOJ filing did not name any of the potential defense witnesses, and it's still unclear whether Bankman-Fried himself will testify.

A Monday filing previously said the defense intended to call PF2 Securities employee Joseph Pimbley as an expert witness on financial flows.

The filing also suggested the defense may have a short case, though it's unclear whether the defense actually expects to rest early or is just saying it may.

"In addition, the Government respectfully requests that if the defense rests on Thursday or Friday morning, that the Court hold a charge conference on Friday afternoon, so that the parties can proceed to closing arguments on Monday morning," the filing said.

A separate filing from the defense pushed back on one of the DOJ's proposed jury instructions, "because it presupposes an intent to steal from customers, which Mr. Bankman-Fried did not possess."

In a late Tuesday filing, the DOJ pushed back against the defense letter, saying the wording choices Bankman-Fried's team requested were confusing or might be inaccurate on the issues.

Read all of CoinDesk's coverage here.

(Wed, 1:55 UTC): Updates article to state the DOJ has pushed back against the defense letter.

More For You

Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

Higit pang Para sa Iyo

CFTC Launches Digital Assets Pilot Allowing Bitcoin, Ether and USDC as Collateral

Caroline Pham, acting chairman of the Commodity Futures Trading Commission

Acting Chair Caroline Pham has unveiled a first-of-its-kind U.S. program to permit tokenized collateral in derivatives markets, citing "clear guardrails" for firms.

Ano ang dapat malaman:

  • The CFTC has launched a pilot program allowing BTC, ETH and USDC to be used as collateral in U.S. derivatives markets.
  • The program is aimed at approved futures commission merchants and includes strict custody, reporting and oversight requirements.
  • The agency also issued updated guidance for tokenized assets and withdrew outdated restrictions following the GENIUS Act.