Sam Bankman-Fried’s legal team is seeking permission to investigate the alleged involvement of FTX lawyers in the issuance of $200 million in loans from Alameda that were approved by Gary Wang. A court ruling had previously barred Bankman-Fried from blaming FTX lawyers for their role in structuring and approving the loans. However, the defense now wants to question Wang about the alleged involvement of FTX counsel in the loans issued to FTX by Alameda. The defense argues that the prosecution has already established the presence and involvement of FTX lawyers and intends to explore the extent of their involvement. They also suggest that promissory notes could be introduced to show that the loans were legitimate and not intended to conceal the source of funds. The trial is ongoing, and Bankman-Fried’s defense is attempting to portray him as a young entrepreneur who made mistakes amidst the rapid growth of FTX and Alameda.

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Information	Details
Geography	North America
Countries	🇧🇸 🇺🇸
Sentiment	neutral
Relevance Score	0
People	Sam Bankman-Fried, Gary Wang
Companies	Federal District Court in Manhattan, Coinbase, FTX, Alameda, United States Judge Lewis Kaplan
Currencies	Bahamas Network, alameda, Tether
Securities	None