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Judge Approves Key Order In Sam-Bankman Fried Suit

Published:

It seems that the judge in the trial between Sam Bankman-Fried and the United States is leaving an opening for blame about the introduction of new evidence.

The presiding Judge precludes SBF from investments that are related to evidence especially; the $500 million investments in AI firm Anthropic.

READ ALSO:“Building Your Brand and Bank Account: A Man’s Guide to Success on OnlyFans”

Reports show that Caroline Ellison, ex-Alameda Research CEO, and Nishad Singh, ex-head of engineering and FTX co-founder, SBF jointedly invested in Anthropic artificial intelligence.

Quick Takes

  • Last Sunday, Judge Lewis Kaplan, of the United States District in Manhattan ruled that the defense lawyers can’t introduce evidence of FTX lawyer’s involvement during the alleged criminal scheme.
  • Today, October 16, a court filing disclosed that Judge Kaplan approved the prosecutor’s motion to stop Bankman-Fried from mentioning the present value of investments made in AI company Anthropic.
  • Allegedly, the prosecutors maintained that the investment which was worth $500 million in 2022 made by SBF was invested from FTX customers stolen funds.
  • As a result, the prosecutors think that introducing such evidence is completely irrelevant and may present a huge case of unfair prejudice.
  • Moreover, it may confuse issues, cause undue delay, waste time, and mislead the jury, says the prosecutors.
  • When questioned by the defense concerning her involvement in the Anthropic investment, the Alameda Research CEO Ellison answered that she was forced by Bankman-Fried to commit fraud as well as to commingle customer’s funds.
  • On the other hand, the ex-head of engineering at FTX, Nishad Singh testified that he was aware that the company made use of customer’s funds fraudulently.

What’s Happening In Crypto Today?

As of the time of this writing, the price of Bitcoin is at $28,530.83, with a slight increase in market cap by 2.72% and an increase in trading volume by 72.92%.

On the other hand, right now, Ethereum is changing hands at $1,585.71, with a slight increase in market cap by 0.24% and a rise in trading volume by 72.17%.

  • Meanwhile, the USD Coin is selling at $1.00, with a little rise in market cap by 0.17% and an increase also in trading volume by 67.74%.
  • On the side of Solana, its price right now is at $24.18, with an increase in market cap by 5.12% and a higher increase in trading volume by 165.16%.
  • While, Cardano is at the moment changing hands at $0.2514, with a drop in market cap by 0.26% and a rise in trading volume by 55.05%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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