SBF’s defense seeks to highlight Gary Wang and Nishad Singh’s ‘Inconsistent statement’
The post SBF’s defense seeks to highlight Gary Wang and Nishad Singh’s ‘Inconsistent statement’ appeared on BitcoinEthereumNews.com.
The FTX legal battle representing SBF has been in the spotlight amid new developments in the case that have set the crypto world in awe. In a dramatic turn, the SBF legal defense team has made its intentions clear on claiming ‘inconsistent statements’ made by the prosecution witnesses who took the stand last week. Among them are FTX ex-officials Nishad Singh and Gary Wang. Bankman-Fried is currently facing allegations, including regulatory compliance issues and market manipulation. However, his defense team has taken to discredit the witness’s credibility. The ‘inconsistent statement’ claim by SBF defense Sam Bankman-Fried’s defense team tried to plead with the presiding Judge Lewis Kaplan to provide proof of an ‘inconsistent statement’ from the former FTX executives. The defense team has zeroed in on the witnesses who said concerning the financial situation of FTX and their comments on stablecoins. The defense also sought to decipher info on how SBF’s Alameda Research was allowed to borrow unlimited funds from the FTX crypto exchange. They also zoomed in on Signh’s haziness between June and July last year before his testimony. SBF’s team highlighted his initial testimony with the federal official before he took the stand. Two FBI agents are also set to take the stand as part of the defense witnesses to discuss their notes on the FTX investigation on conversations with Singh and Wang during their arrest. As such, the defense seeks to present notes on these conversations by including the agents involved, noting that their testimonies do not coincide. According to the defense filing: On October 21, Mr. Bankman-Fried’s counsel advised the Government that it would seek to introduce evidence of Mr. Wang’s and Mr. Singh’s prior inconsistent statements. SBF’s Defense filing Wang had also testified that he couldn’t recall whether he talked about his market maker role…
Filed under: News - @ October 25, 2023 11:24 pm