The former CEO of FTX, Sam Bankman-Fried, is claiming that prosecutors have missed key evidence deadlines required for his defense against a series of fraud charges. In a letter to United States District Judge Lewis A. Kaplan, Bankman-Fried’s lawyers alleged that the government had failed to turn over all contents related to five devices due for discovery by the end of March. Among the devices are a laptop and iPhone belonging to former Alameda Research CEO Caroline Ellison and an FTX co-founder Gary Wang’s laptop. Bankman-Fried is set to face court on October 2nd and additional motions may be filed if the newly discovered evidence provides grounds for new motions.
On another note, FTX bankers who are trying to bail out the bankrupt exchange are reportedly looking to cash out their shares in Anthropic, a company that is part of the currently hyped artificial intelligence sector. Perella Weinberg, the investment banking firm hired to handle FTX’s bankruptcy, has been teasing the sale of hundreds of millions of dollars of shares in the AI startup to potential investors. FTX is believed to hold $500 million worth of Anthropic stock, which is estimated to be worth much more now that the AI industry is in full swing. Anthropic raised $450 million in its latest Series C funding round on May 23, with a reported valuation of $4.6 billion.
