north america 703 crypto neutral
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 had invested $500 million in the artificial intelligence startup, but the government alleges that the funds were misappropriated from FTX customer deposits. Anthropic has been seeking new investments, potentially valuing the company at $20-$30 billion. Prosecutors argue that any mention of the value of Bankman-Fried’s investment would be irrelevant and prejudicial to the case. The government’s indictment focuses on allegations of wire fraud using customer deposits, and they do not intend to present evidence of the ultimate losses suffered by victims in the FTX bankruptcy. The trial has been covering the disappearance of $8 billion in FTX customer funds.

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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

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