FTX’s Former Attorney Helps US Prosecutors


FTX’s former top attorney reportedly collaborated with US prosecutors investigating the crypto firm’s collapse.

Founder of FTX Sam Bankman-Fried , FTX is accused of funding venture investments, luxury real estate purchases and political donations by diverting billions of dollars from client funds to Alameda. He pleaded not guilty in Manhattan federal court on Tuesday. The trial has been postponed, but US prosecutors are on the hunt for FTX’s lost assets. Accordingly, in order to investigate the assets of FTX, “ FTX Task force ” team was even formed. On the other hand, cooperation agreements are made with people related to the subject.

Former FTX Attorney Collaborates With US Attorneys

Reuters, former lawyer for FTX Daniel FriedbergHe said .

The person in the news said that Friedberg gave details about FTX at a meeting with many investigators on November 22. According to the source, officials from the Department of Justice, the Federal Bureau of Investigation, and the US Securities and Exchange Commission attended the meeting, which was held at the US Attorney’s Office for the Southern District of New York.

The source said he told prosecutors at the meeting what he knew about SBF using client funds to fund the exchange. He also explained that Friedberg described conversations he had had with other senior executives on the subject and gave details on how SBF’s hedge fund Alameda Research works.

Friedberg’s collaboration had not been previously reported. According to the source, no charges were brought against him and he was not told that he was under criminal investigation. Instead, he said he expected to be called as a government witness at the SBF’s October hearing.


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