Daniel Friedberg – the previous main lawyer of crypto alternate FTX – has reportedly given very important data to American prosecutors that might assist the authorities in the course of the lawsuit in opposition to Sam Bankman-Fried.
The lawyer is anticipated to seem in SBF’s trial in October to shed extra gentle on the actions of the 30-year-old whereas being accountable for the bankrupt platform.
- In line with a current Reuters report, Friedberg met with over 20 US investigators (officers a part of the Justice Division, the Federal Bureau of Investigation, and the SEC) on the finish of November final yr.
- He advised them that Bankman-Fried used shoppers’ funds to finance his enterprise conglomerate and defined how the sister firm Alameda Analysis operated.
- Freidberg shouldn’t be below felony investigation concerning taking part in a job within the demise of FTX and the consecutive multi-billion investor losses.
- He expects to take part in SBF’s trial in October this yr, the place he may present additional data as a authorities witness.
- Bankman-Fried spent every week within the Bahamian Fox Hill Jail earlier than being deported to america. A New York federal decide allowed his launch after a file $250 million bond, which is considerably greater than the $100,000 he beforehand claimed he had in his checking account.
- SBF not too long ago pleaded not responsible to a number of accusations, together with wire fraud and cash laundering conspiracy, and now lives at his dad and mom’ home, continuously having to a monitoring bracelet.
- His trial date is set for October 2, 2023.
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