These claims began to circulate after crypto-experts noticed that Alameda digital accounts were transferring funds. Because cryptocurrency transactions are publicly available for anyone to view and analyze, it was easy to see the movement of funds.
Ms. Sasson stated in court that prosecutors are looking into the transfers. “Although we do not know if the defendant made these transfers, at one point he had access to these wallets,” she said.
Cohen denied that Mr. Bankman Fred made the transfers.
Ms. Sasson also hinted that there could be a court battle between the new leadership of FTX (which oversees the US bankruptcy proceedings) and the government in the Bahamas. It stated that Mr Bankman-Fried had assisted foreign regulators to acquire FTX assets and that he had declared his intent to “disrupt the” US bankruptcy process.
Bankman-Fred repeatedly said that he regretted the decision to allow FTX file for bankruptcy on November 11. While Ms. Sassoon was talking, the founder of FTX looked frustrated and scribbled a message for his lawyer. Mr. Cohen informed the judge that the transfer of organizers to Ms. Sasson was ordered by a Bahamas court.
Judge Kaplan was appointed last week to preside over Mr. Bankman-Fred’s case. Ronnie Abrams the original judge said she was withdrawing because Davis Polk & Wardwell where her husband is a partnership, had worked for FTX 2021. She said that her husband was not involved in the representation, but she was withdrawing to “avoid any potential conflict, and one appearance.”
Prosecutors pledged to continue the investigation and could bring charges against more executives within Mr. Bankman Fried’s circle. On Tuesday, Damien Williams, US Attorney for Southern District of New York, announced the creation of an FTX taskforce of prosecutors representing units of his office. The task force will investigate cross-border crimes such as money laundering, public corruption, and securities fraud. Andrea Griswold will lead the task force as Senior Advisor to US Attorney General.
Lisette CruzContribute to the preparation and editing of reports.
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