LDO Leads Top Coins, Registers 6% Gains In One Day<\/a><\/div>\nFTX allegedly owned $500 million worth of Anthropic stock before its bankruptcy. Now, the stake is expected to have increased to nine figures and will go to repaying former customers.<\/span><\/p>\nCurrently, the bankers are deliberating on a total or partial sale since they believe that AI value will keep rising as it <\/span>is now a lucrative niche, and Anthropic created two years ago, has an estimated value of $4.6 billion. \n<\/span><\/p>\nFeatured image from Pixabay and chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"
Former FTX CEO Sam Bankman-Fried (SBF) is still entwined in his legal battle over the FTX crisis. In a letter, SBF\u2019s legal team stated that prosecutors are behind on deadlines for vital evidence to build their defense on numerous fraud charges.\u00a0 SBF has faced multiple charges since the collapse of FTX, which authorities insist was not an accident but a deliberate and fraudulent act. Since the crash, investigators have worked tirelessly on the case to unravel the true extent of damage to investors. SBF\u2019s Lawyers Send Letter To District Judge Sam Bankman-Fried\u2019s lawyers sent a letter to United States District Judge Lewis A. Kaplan.\u00a0In the letter, they stated that the government failed to release the entire contents of five electronic devices vital to the case. Related Reading: Bitcoin Slips Below $26,000, Triggers Over $300 Million In Liquidations According to this letter, a laptop and iPhone belonging to former Alameda Research CEO Caroline Ellison and a laptop belonging to FTX Co-founder Gary Wang were part of the devices. SBF’s legal team noted that since the trial date was less than four months away, the late presentation of these documents would affect their preparation for the defense.\u00a0 Additionally, the letter stated that the government had failed to produce any information on FTX debtors. The lawyers revealed that over 3.6 million documents were missing, which is a cause for concern for the defendants.\u00a0 These documents include 2 million Google Search Warrant Documents and approximately 500,000 documents received in response to subpoenas and voluntary production requests. Also, there are documents containing the content of Caroline Elisson\u2019s laptop and two other laptops provided by two FTX software developers.\u00a0 Additional documents containing correspondence on Telegram and Slack also make up these figures and are essential bits of evidence. Related Reading: Bitcoin Crash To $25,800 Sends 6.5% Of Supply Into Loss Sam Bankman-Fried is set to appear in court on October 2, 2023, to face fraud charges and additional claims bordering on bribing the Chinese government and illegal donations. So, his lawyers are pushing for these documents to prepare a strong defense.\u00a0 FTX Bankers Seek To Cash Out On AI Shares FTX bankers tasked with reviving the company’s fortunes allegedly seek to cash in on shares in the Artificial Intelligence (AI) sector.\u00a0According to a report by Semanfor on June 6, FTX holds a stake in an AI startup Anthropic, currently worth billions of dollars. A bank and part of FTX’s revival team, Perella Weinberg, hinted at the sale of shares in Anthropic to investors. Anthropic created a rival to the ChatGPT, the Claude Chatbot, thus gaining massive share value. Related Reading: LDO Leads Top Coins, Registers 6% Gains In One Day FTX allegedly owned $500 million worth of Anthropic stock before its bankruptcy. Now, the stake is expected to have increased to nine figures and will go to repaying former customers. Currently, the bankers are deliberating on a total or partial sale since they believe that AI value will keep rising as it is now a lucrative niche, and Anthropic created two years ago, has an estimated value of $4.6 billion. Featured image from Pixabay and chart from TradingView.com<\/p>\n","protected":false},"author":584,"featured_media":536876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10151,6664,71704,87382],"class_list":["post-536875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ai","tag-crypto","tag-ftx","tag-sbf"],"acf":[],"yoast_head":"\n
Late Evidence In Criminal Trial Irks SBF, FTX Explores Options For AI Stock Sale<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n