Crypto Blog
Lawyers representing Sam Bankman-Fried have formally requested the court’s approval to introduce evidence related to his investment in Anthropic, an artificial intelligence startup. In a letter addressed to Judge Lewis A. Kaplan, SBF’s legal team argued that the prosecutors’ recent request to prevent any discussion of Anthropic misinterprets the significance of the evidence.
They pointed out that prosecutors have consistently brought up Alameda’s venture investments throughout the trial, characterizing them as “risky.”from Caroline Ellison regarding the portfolio nature of venture capital investing. They contended that the substantial increase in Anthropic’s value since the previous year provides vital context and pertains to testimony provided by Ms. Ellison regarding expected value analyses.
The core argument in the case against Bankman-Fried centers on the purported improper utilization of FTX customer funds for differentFurthermore, the government intends to provide evidence of the claimed misappropriation of customer funds, resulting in substantial financial losses for FTX. However, they clarified that they will not delve into the ultimate financial status of victims after the bankruptcy proceedings of FTX.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'The Voice' Season 24 Complete Team Rosters: Mara Justine, Ruby Leigh, Chechi Sarai, Laura Williams and MoreIs your favorite singer on Team Reba, Team Gwen, Team Niall or Team Legend?
Read more »
Josh Duggar Appeal Terminated in Child Porn Case, Conviction UpheldJosh Duggar's legal team attempted to appeal his conviction following his 2021 child pornography trial
Read more »
SBF seeks to probe FTX lawyers’ roles in $200M Alameda loansSam Bankman-Fried’s legal team requests permission to probe the involvement of FTX lawyers in the issuance of $200 million loans from Alameda that were approved by Gary Wang.
Read more »
Sam Bankman-Fried's ex-girlfriend set to take stand as fraud trial's star witnessSam Bankman-Fried's fraud trial is set to resume on Tuesday with testimony from his former colleagues at the now-bankrupt FTX cryptocurrency exchange, including his onetime girlfriend Caroline Ellison.
Read more »