A judge kept secret that two of Sam Bankman-Fried's closest associates had turned against him so the cryptocurrency entrepreneur wouldn't get spooked and fight extradition from the Bahamas, according to court transcripts made public Friday.
“We’re still expecting extradition soon, but given that he has not yet entered his consent, we think it could potentially thwart our law enforcement objectives to extradite him if Ms. Ellison’s cooperation were disclosed at this time,” Sassoon told U.S. District Judge Ronnie Abrams.
She said her husband has had no involvement in any of the representations and she has no knowledge of the confidential matters, but decided to recuse herself “to avoid any possible conflict, or the appearance of one.” Ellison said she was aware from 2019 through 2022 that Alameda was given access to a borrowing facility at FTX.com that allowed Alameda to maintain negative balances in various currencies.
Ellison said she understood that Alameda had financed the investments with short-term and open-term loans worth several billion dollars from external lenders in the cryptocurrency industry.
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FTX founder, CEO Sam Bankman-Fried to appear in NYC court after extradition from BahamasHis court appearance comes after his extradition from the Bahamas. The recent unraveling of FTX is considered of the biggest financial frauds in American history.
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FTX founder, CEO Sam Bankman-Fried to appear in NYC court after extradition from BahamasHis court appearance comes after his extradition from the Bahamas. The recent unraveling of FTX is considered of the biggest financial frauds in American history.
Read more »
FTX founder, CEO Sam Bankman-Fried to appear in NYC court after extradition from BahamasHis court appearance comes after his extradition from the Bahamas. The recent unraveling of FTX is considered of the biggest financial frauds in American history.
Read more »
FTX founder, CEO Sam Bankman-Fried to appear in NYC court after extradition from BahamasHis court appearance comes after his extradition from the Bahamas. The recent unraveling of FTX is considered of the biggest financial frauds in American history.
Read more »
FTX founder, CEO Sam Bankman-Fried to appear in NYC court after extradition from BahamasHis court appearance comes after his extradition from the Bahamas. The recent unraveling of FTX is considered of the biggest financial frauds in American history.
Read more »
FTX founder, CEO Sam Bankman-Fried to appear in NYC court after extradition from BahamasHis court appearance comes after his extradition from the Bahamas. The recent unraveling of FTX is considered of the biggest financial frauds in American history.
Read more »