Those claims started going viral after crypto experts noticed that digital accounts linked to Alameda were transferring funds. Money movement is visible because cryptocurrency transactions are recorded on a public ledger that anyone can access and analyze.
In court, Ms. Sassoon said prosecutors were investigating the money transfers. “While we do not know if the defendant made these transfers, at one point he had access to these wallets,” she said.
Mr. Cohen denied that Mr. Bankman-Fried made the transfer.
Sassoon also alluded to an ongoing legal battle between the new management of FTX, which is overseeing the bankruptcy process in the United States, and the Bahamas government. She said that Mr. Bankman-Fried had helped foreign regulators obtain FTX assets and that he had expressed his intention to “stagnate” the US bankruptcy process.
Since authorizing FTX to file for bankruptcy on November 11, Mr. Bankman-Fried has repeatedly said he regrets the decision. While Ms. Sassoon was speaking, the FTX founder looked agitated, shook his head and scribbled a letter to his lawyer. Mr. Cohen told the judge that the transfer to the regulators Ms. Sassoon was describing was ordered by a court in the Bahamas.
A week ago, Judge Kaplan was appointed to preside over Mr. Bankman-Fried’s case after the original judge, Ronnie Abrams, said she withdrew herself because of the law firm Davis Polk & Wardwell, where her husband is a law firm. partner, worked for FTX in 2021. Although her husband was not involved in that representation, she said, she withdrew to “avoid any possible conflict, or emergence of a conflict.”
Prosecutors vowed to continue their investigation and it’s possible that more executives in Mr Bankman-Fried’s orbit could be charged. On Tuesday, Damian Williams, U.S. attorney for the Southern District of New York, announced the creation of a special FTX task force made up of prosecutors drawn from the securities fraud investigation unit of the company. his office; public corruption; and money laundering and transnational crime. The task force will be led by Andrea Griswold, chief counsel to the US attorney general.
Lyrics meaning: Cruz contribution report.
