The post Prosecutors Block FTX Founder’s Anthropic Investment Evidence! appeared first on Coinpedia Fintech News
US DOJ prosecutors have requested to prevent Sam Bankman-Fried, founder of FTX cryptocurrency exchange, from introducing evidence or arguments about the current value of his $500 million investments in artificial intelligence company Anthropic. The prosecutors allege that the funds used for the investment were stolen from FTX customers. Prosecutors believe such evidence would mislead the jury and be wholly irrelevant. PitchBook reveals that FTX and its sister company Alameda Research were investors in Anthropic. The AI firm announced plans to raise funding at a valuation between $20 billion to $30 billion, increasing the potential recovery for FTX customers and creditors.
Source: https://coinpedia.org/crypto-live-news/prosecutors-block-ftx-founders-anthropic-investment-evidence/