Bankman-Fried, the defendant, did not look up as she wept, but kept typing on his court-issued laptop. She said that balance sheet was a version of the one Alameda sent to its lenders, designed to mislead them into thinking Alameda was healthier financially than it really was. Neither FTX nor Alameda was involved in the investigation β which Ellison said involved an entity which at one point traded with Alameda, and was being probed for money laundering.
He did not mention that Bankman-Fried is currently scheduled to go on trial again next spring on bribery and other charges. Before breaking for lunch, prosecutors teased the jury with another memo authored by Ellison β a personal to-do list.
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SRM is a token on the Solana blockchain that Bankman-Fried had created and distributed, in part, to employees, according to earlier court testimony. Someone who answered the phone at the Saudi consulate in the U. The former Alameda CEO also recalled how Bankman-Fried had said that lying and stealing money were permissible in his worldview. At one point, prosecuter Danielle Sassoon presented a picture of Bankman-Fried, asking Ellison to describe him. And there was a reason for that, she recalled.
He had told his colleagues at his companies that his hair "had been very valuable [to his career]," she added. Kaplan also ruled that the Bankman-Fried jury would not be able to hear about the likelihood of recoveries from the FTX bankruptcy. After releasing the jury on Wednesday β just before the court adjourned for the day β Kaplan also sided in favor of a government proposal to bar the defense from mentioning FTX's sizable stake in Anthropic , an AI startup whose valuation has surged in recent months.
The defense may have hoped to use the investment to show the jury that FTX could have survived if Bankman-Fried's investments had been given a bit more time to play out. Kaplan wasn't convinced, however. Judge Kaplan: I won't be ruling on whether the Anthropic investment value comes in until after the direct Jury entering!
