SBF seeks to probe FTX lawyers’ roles in $200M Alameda loans

Sam Bankman-Frieds legal team is looking for permission to penetrate the supposed participation of FTX legal representatives in the issuance of $200 million worth of loans from Alameda that were authorized by Gary Wang.As formerly reported in the accumulation to the highly expected trial, an Oct. 1 court judgment provisionally disallowed Bankman-Fried from assigning blame to FTX legal representatives who were allegedly included in structuring and authorizing loans between Alameda and FTX.United States Judge Lewis Kaplan gave the federal governments motion and ruled that Bankman-Frieds legal group would have to demand approval to make any mention of FTX lawyers participation throughout the trial.Related: SBFs Alameda minted $38B USDT to profit off arbitrage trading: Coinbase directorFollowing the initial cross-examination of former FTX co-founder Gary Wang by the prosecution on Oct. 9, the defense is now looking for approval to question Wang over the alleged involvement of FTX counsel in structuring loans provided to FTX by Alameda.A letter submitted on Oct. 9 highlighted the federal governments questioning of Wang over a series of individual loans worth up to $300 million from Alameda that FTX used to money endeavor financial investments. During the prosecutions line of inquiry, Wang stated that either Bankman-Fried or FTX legal representatives had provided him with loans which he was then directed to sign. Bankman-Frieds attorneys argue that the prosecution has currently developed that FTX attorneys were present and included in structuring and carrying out the loans and plan to bring out their own line of questioning over the scope of FTX counsel participation.

Thank you for reading this post, don't forget to subscribe!