The U.S. prosecution team has issued a formal request to the United States District Court, Southern District of New York, seeking to preclude the defense from introducing arguments or evidence concerning the current value of specific investments in the trial against Samuel Bankman-Fried, the erstwhile CEO of cryptocurrency exchange FTX. This request follows allegations that Bankman-Fried misappropriated FTX customer deposits for a substantial investment in the artificial intelligence startup Anthropic, an investment whose value might have significantly appreciated amid recent fundraising endeavors by Anthropic.
In a move that captured industry attention, Bankman-Fried invested an approximate amount of $500 million in Anthropic in April 2022. This investment is now under the legal microscope as the prosecution claims it was funded by misappropriated FTX customer deposits. The narrative gains complexity as Anthropic recently…
