[ad_1] <br><div><p class="css-at9mc1 evys1bk0">These claims began circulating after crypto specialists observed that digital accounts related to Alameda have been transferring funds. The motion of the cash was seen as a result of cryptocurrency transactions are recorded on a public ledger that anybody can entry and analyze.</p><p class="css-at9mc1 evys1bk0">In court docket, Ms. Sassoon mentioned that prosecutors have been investigating the transfers. “Whereas we don’t know whether or not it was the defendant who made these transfers, he did at one level have entry to those wallets,” she mentioned.</p><p class="css-at9mc1 evys1bk0">Mr. Cohen denied that Mr. Bankman-Fried had made the transfers.</p><p class="css-at9mc1 evys1bk0">Ms. Sassoon additionally alluded to a brewing jurisdictional battle between FTX’s new management, which is overseeing the chapter course of in the US, and the federal government of the Bahamas. She mentioned that Mr. Bankman-Fried had helped international regulators acquire FTX belongings, and that he had expressed an intention to “stall” the U.S. chapter course of.</p><p class="css-at9mc1 evys1bk0">Since he licensed FTX to file for chapter on Nov. 11, Mr. Bankman-Fried has mentioned repeatedly that he regretted the choice. Whereas Ms. Sassoon was talking, the FTX founder appeared agitated, shaking his head and scribbling a word to his lawyer. Mr. Cohen informed the choose that the switch to regulators that Ms. Sassoon was describing had been ordered by a court docket within the Bahamas.</p><p class="css-at9mc1 evys1bk0">Choose Kaplan was assigned per week in the past to preside in Mr. Bankman-Fried’s case after the unique choose, Ronnie Abrams, mentioned she was recusing herself as a result of the regulation agency Davis Polk &amp; Wardwell, the place her husband is a companion, had carried out work for FTX in 2021. Though her husband was not concerned in that illustration, she mentioned, she was withdrawing to “keep away from any attainable battle, or the looks of 1.”</p><p class="css-at9mc1 evys1bk0">Prosecutors have vowed to proceed investigating, and it’s attainable extra executives in Mr. Bankman-Fried’s orbit might be charged. On Tuesday, Damian Williams, the U.S. legal professional for the Southern District of New York, introduced the creation of a particular FTX activity drive of prosecutors drawn from his workplace’s models that examine securities fraud, public corruption, cash laundering and transnational crimes. The duty drive shall be led by Andrea Griswold, the chief counsel to the U.S. legal professional.</p><p class="css-798hid etfikam0">Liset Cruz<!-- --> contributed reporting.</p></div> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiVmh0dHBzOi8vd3d3Lm55dGltZXMuY29tLzIwMjMvMDEvMDMvdGVjaG5vbG9neS9zYW0tYmFua21hbi1mcmllZC1wbGVhZHMtbm90LWd1aWx0eS5odG1s0gFaaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMy8wMS8wMy90ZWNobm9sb2d5L3NhbS1iYW5rbWFuLWZyaWVkLXBsZWFkcy1ub3QtZ3VpbHR5LmFtcC5odG1s?oc=5">Source link </a>