Prosecutors are relying heavily on text messages sent among FTX and Alameda Research executives in the case against Sam Bankman-Fried
Prosecutors are leaning heavily on text messages between Sam Bankman-Fried and his former close friends and top lieutenants in the FTX founder's criminal trial.
Bankman-Fried faces seven criminal counts, including wire fraud, securities fraud and money laundering that could land him in prison for life. Bankman-Fried, the son of two Stanford legal scholars, pleaded not guilty to all charges. Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023.The Signal thread dubbed "small group chat" includes Ellison, Bankman-Fried, and Joe Bankman, the defendant's father who advised the company on tax-related issues and other things.
Bankman-Fried chimed in with different ideas about how to take advantage of the post in an apparent effort to provide false hope to FTX customers that they'd receive free tokens if they kept their funds on the platform.She wrote, "multiple people internally asking me whether they should continue to make statements to external parties like 'Alameda is solvent.
When she was asked by a staffer whose idea it was to plug Alameda's loan losses with FTX customer money, she said, "Um, Sam, I guess," and giggled. .Later, Sam Trabucco, who had already departed as co-CEO of Alameda Research in August 2022, as well as Ellison, Ben Xie , and Bankman-Fried, were in a group chat discussing how to respond to Zhao's threat to liquidate his FTT tokens.
In a chat on Jan. 5, 2022, Bankman-Fried alerted a group that included Ellison and Singh that Lewis would be coming to the Bahamas the next month to do reporting. ...In a separate Signal chat between Singh and Sadowsky, Singh wrote on Jul. 5, 2022, that he was "averse" to "explicitly-woke stuff" but added that it was "hard to interact productively with democrats without that."
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