DoJ Challenges FTX Founder's Defense Strategy in Anthropic-Related Case

The U.S. Department of Justice (DoJ) is putting up a roadblock in FTX founder Sam Bankman-Fried's defense against wire fraud charges

They aim to prevent him from discussing Anthropic's recent fundraising efforts, alleging a $500 million investment in 2022 was raised using customer funds

The DoJ argues that Bankman-Fried cannot use discussions about the current value of his investments to support arguments for the recovery of FTX customers' losses

This stance is based on wire fraud charges accusing him of misappropriating customer deposits

Anthropic, an AI company linked to FTX, made headlines with a $4 billion agreement with Amazon and discussions about raising an additional $2 billion in funding

FTX holds a $500 million stake in Anthropic, yet it remains unsold by the bankruptcy trustee

This development has implications for FTX creditors and the outcome of the case. While the DoJ and Bankman-Fried's defense team have agreed on various trial issues, the admissibility of evidence regarding Anthropic's fundraise remains contentious

The trial focuses on wire fraud charges and alleged misappropriation of FTX customer deposits, a critical legal battle unfolding as Anthropic garners attention in the tech and investment sectors

Former FTX CTO Gary Wang testified about hidden Python code used by the exchange to manipulate the value of its insurance fund