In a recent motion filed by Sam “SBF” Bankman-Fried’s lawyers, they have requested the court’s permission to introduce evidence supporting positive investment outcomes, specifically mentioning an investment in the AI startup Anthropic. This request comes after US prosecutors filed a motion to prevent SBF’s legal team from discussing the recovery of FTX customer funds through the Anthropic investment. The Department of Justice alleges that the investment was made using fraudulent funds from customer deposits. However, the defense argues that the government’s position misrepresents the relevance of the evidence and respectfully asks the court to deny the motion. They also highlight that the government has previously raised concerns about Alameda’s venture investments, claiming they were risky and losing money. In response, the defense believes they should be allowed to present evidence of positive investment outcomes, such as Anthropic’s recent investments from Amazon and SK Telecom. The second week of the criminal trial for SBF continues, with the former FTX exchange CEO facing charges of conspiracy and fraud related to the collapse of FTX. Cointelegraph reporters are providing live coverage of the trial.
This News Article was automatically generated by Bob the Bot (AI)
Information |
Details |
Geography |
North America |
Countries |
|
Sentiment |
neutral |
Relevance Score |
0 |
People |
Sam Bankman-Fried |
Companies |
FTX, Department of Justice (DoJ), SK Telecom, Alameda, Anthropic, Amazon |
Currencies |
None Trading |
Securities |
None |