Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
A former lawyer of Sam Bankman-Fried’s bankrupt FTX crypto firm provided details of what he knew about the company’s dealings during a meeting with officials of the U.S. Department of Justice (DOJ), the Federal Bureau of Investigation (FBI) and the Securities and Exchange Commission (SEC), Reuters reported, citing a person familiar with the situation.
The meeting with lawyer Daniel Friedberg and prosecutors took place at the U.S. Attorney for the Southern District of New York’s office on Nov. 22, according to the source. Reuters reported that it had seen scheduling emails among the participants. Friedberg told prosecutors what he knew of Bankman-Fried’s use of customer funds to finance Bankman-Fried’s business empire, the source said. He also provided information on Alameda Research operations, the source said.
Friedberg has not been charged with a crime and he expects to be called as a government witness in Bankman-Fried’s October trial, the person said.
Friedberg’s lawyer, Telemachus Kasulis, the FBI and FTX did not respond to requests for comment on his cooperation. The SEC, the Department of Justice and Bankman-Fried’s spokesman declined to comment.
Sign up for State of Crypto, our weekly newsletter examining the intersection of cryptocurrency and government
By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.
DISCLOSURE
Please note that our
and
do not sell my personal information
has been updated
.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
strict set of editorial policies.
CoinDesk is an independent operating subsidiary of
which invests in
and blockchain
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG
.
Learn more about Consensus 2023CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
