Crypto:
29757
Bitcoin:
$66.998
% 0.05
BTC Dominance:
%54.3
% 0.12
Market Cap:
$2.43 T
% 0.29
Fear & Greed:
73 / 100
Bitcoin:
$ 66.998
BTC Dominance:
% 54.3
Market Cap:
$2.43 T

New Developments in SBF Case!

New Developments in SBF Case!

New Developments in SBF Case! The US Department of Justice presents a new development in the legal process surrounding Sam Bankman-Fried (SBF). Furthermore, the Department is asking that relevant material regarding the current worth of some SBF investments be excluded.

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Here are new developments in SBF Case!

The said request aims to limit SBF’s ability to present evidence or argument regarding the current value of his investment in Anthropic. Besides, the allegations of the Justice Department revolve around the funds SBF have stolen from FTX customers, forming the basis of the lawsuit initiated by the government.

Anthropic gained attention by announcing plans to raise additional capital from investors such as Amazon.com Inc and Google. Moreover, the value of Anthropic ‘s shares could have reached a level that could have significantly affected SBF’s initial investment.

The core of the Department of Justice’s argument is the claim that the evidence regarding the current value of SBF’s investments, especially his share in Anthropic, is irrelevant to the charges. The government argues that an increase in the value of investments will not contribute to SBF’s exoneration from the charges.

This request causes that the government emphasizing that the main important factor is the fraudulent application. The Department of Justice argues that such evidence could mislead the jury. They think that it could cause unnecessary confusion.


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