The first day of testimony by the former Alameda CEO ended. SBF lawyers filed a series of motions, including questioning about Anthropic shares.
2023-10-11 01:28
Odaily News In SBF’s trial, its defense team plans to question Caroline Ellison about her reliance on legal advisors during her tenure as CEO of Alameda Research and the valuation of FTX’s stake in Anthropic AI. The defense team made the request after Ellison completed his first day of testimony. They also noted that Judge Lewis Kaplan had previously requested advance notice to discuss the possibility of an attorney-advised argument. The defense wants to hear about Ellisons role in shaping policies for FTX and Alamedas lawyers, such as the issue of activating automated deletion tools on the messaging app Signal. In addition, the U.S. Department of Justice has filed an objection to the issue of FTX investment valuation, arguing that it has nothing to do with whether SBF misappropriated FTX customer funds. Anthropic AI recently announced a series of fundraising efforts, raising hopes of greater compensation for FTX creditors. The defense team also said Anthropics news reflected important context in FTXs prospective value analysis, and therefore they should be entitled to raise broader questions about FTXs investment portfolio. At the end of the trial, the judge discussed with the defense the question of whether these issues should be raised at trial. There are other unresolved issues, including whether the U.S. Justice Department should be allowed to call a Ukrainian witness to testify remotely. (CoinDesk)
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