Ex-FTX Clients Summoned by DOJ for Sam Bankman-Fried’s Trial

In a high-profile trial, the DOJ’s witness list and jury questions raise pivotal questions about fairness and justice in the FTX case.

Sam Bankman-Fried is trying to convince the judge by telepathic means.
Created by Gabor Kovacs from DailyCoin
  • The DOJ has announced its intention to summon pivotal witnesses in the high-profile FTX trial.
  • A challenge has arisen as a Ukraine-based witness has posed questions about the methods of testimony.
  • SBF’s defense has raised concerns about the DOJ’s juror inquiries and the presumption of guilt.

The Department of Justice (DOJ) has officially stated its intention to summon former FTX clients, investors, and staff as key witnesses in the upcoming trial involving Sam Bankman-Fried, the former CEO of FTX. 

Justice Department Gathers Witnesses for Case Against FTX

On September 30, the DOJ filed a letter that sought to exclude certain evidence from being presented to a jury, outlining its selection of witnesses who will shed light on FTX’s handling of customer assets.


These testimonies aim to offer unique perspectives on the interactions between the accused individual and the witnesses. Their goal is to provide insight into Bankman-Fried’s statements and actions, particularly concerning FTX’s asset management. 

The DOJ seeks to emphasize the experiences of both retail and institutional clients who entrusted substantial assets to FTX, believing their investments would be secure.

Court filing in the United States District Court for the Southern District of New York.
Legal Document Filed in U.S. District Court, Southern District of New York. Source: CourtListener.

Additionally, a situation has arisen involving one of the DOJ’s witnesses, identified as “FTX Customer-1,” who resides in Ukraine. Given the ongoing conflict in Ukraine, physically traveling to the U.S. to provide testimony presents significant challenges. 

Concerns Raised Over DOJ’s Questioning Style

The DOJ has proposed the use of video conferencing as a practical alternative, though this proposal awaits approval from Bankman-Fried’s defense. Bankman-Fried’s legal team, headed by attorney Mark Cohen, has raised concerns about the line of questioning the DOJ intends to use with the jury. 


According to the defense, these inquiries appear to imply guilt on his part, potentially undermining the fundamental principle of “innocent until proven guilty.” Moreover, the defense argues that these questions may not effectively uncover any inherent biases among the jurors, particularly related to their previous encounters with cryptocurrencies. 

There are concerns that specific questions could inadvertently shape the jury’s perspective rather than eliciting genuine insights, potentially compromising the trial’s impartiality. With the jury selection slated to commence on October 3, swiftly followed by the trial, all eyes are on this high-stakes legal showdown.

On the Flipside

  • Summoning former FTX clients, investors, and staff as witnesses could potentially bias the trial, as these individuals might have personal interests or grievances against Sam Bankman-Fried or FTX.
  • While the DOJ aims to highlight the experiences of clients who entrusted assets to FTX, it’s worth considering that not all clients may share the same perspective.
  • There will likely be ongoing debates about the potential biases of jurors and whether the questions posed during jury selection genuinely serve the purpose of ensuring an impartial trial.

Why This Matters

The Department of Justice’s summoning of former FTX clients, investors, and staff as witnesses in the Sam Bankman-Fried trial is more than just legal proceedings. It’s a pivotal moment that could reshape trust in the crypto ecosystem, reaffirming the need for secure asset management and accountability at a time when investors seek stability and transparency.

To learn more about the recent FTX security breach and the potential impact on the market, read here:
FTX Hacker Moves $16.75M ETH: Is a Major Sell Off Incoming?

To stay updated on the upcoming deadline for FTX users and what it means for the platform, read here:
What’s Next for FTX Claims as User Deadline Approaches?

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Kyle Calvert

Kyle Calvert is a cryptocurrency news reporter for DailyCoin, specializing in Ripple, stablecoins, as well as price and market analysis news. Before his current role, Kyle worked as a student researcher in the cryptocurrency industry, gaining an understanding of how digital currencies work, their potential uses, and their impact on the economy and society. He completed his Masters and Honors degrees in Blockchain Technology within Esports and Business and Event management within Esports at Staffordshire University.