United States prosecutors have requested that Sam Bankman-Fried’s legal team be prohibited from discussing the potential recovery of FTX customer assets invested in Anthropic during his trial. Bankman-Fried, the former CEO of FTX, invested $500 million in the artificial intelligence startup in April 2022. The U.S. government alleges that the investment was made using misappropriated funds from FTX customer deposits. Anthropic has been seeking fresh funds from investors, including Amazon and Google, which could result in a valuation of $20 to $30 billion. Prosecutors argue that reports of the company’s high valuation could increase the value of Bankman-Fried’s investment and potentially benefit FTX customers and other creditors in the FTX bankruptcy. The prosecutors claim that evidence of the investment’s current value is irrelevant and could prejudice the jury. They maintain that the indictment against Bankman-Fried focuses on allegations of wire fraud using FTX customer deposits, and any mention of profitable investments is immaterial to the charges. The U.S. government plans to present evidence of Bankman-Fried’s alleged misappropriation of customer deposits but does not intend to offer evidence of the ultimate losses suffered by victims in the FTX bankruptcy process. The trial has been primarily focused on establishing how $8 billion of FTX customer funds went missing from the collapsed cryptocurrency exchange.

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Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	6
People	Sam Bankman-Fried
Companies	Google, Mt. Gox, FTX, Anthropic, Amazon
Currencies	None
Securities	None