Former FTX Attorney Assists US Authorities In SBF Case: Reports

Former FTX Lawyer Is Now Cooperating With US Authorities In SBF Case

January 5, 2023 Story: Mohd Javed

Former FTX Lawyer Daniel Friedberg, who represented Sam Bankman-Fried in 2017, is now cooperating with US prosecutors in the SBF case.

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He gave details about FTX in a Nov. 22 meeting with two dozen investigators.

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The meeting, held at the U.S. Attorney for the Southern District of New York's office included officials from the Justice Department, FBI and the SEC

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At the meeting, he told prosecutors what he knew of SBF's use of customer funds to finance his business empire.

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SBF is accused of diverting billions of dollars in FTX client funds to Alameda to bankroll venture investments, luxury real estate purchases, and political donations.

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Friedberg first represented SBF in 2017; in 2020, he moved in-house as FTX US chief regulatory officer.

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Two of SBF's close associates, Caroline Ellison, Alameda's former chief executive, and Gary Wang, FTX's former chief technology officer, pleaded guilty to fraud and agreed to cooperate.

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