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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/sam-bankman-fried-trial-update-doj-brushes-off-anthropic-fundraising-angle/">SBF on Trial: DOJ Rejects Argument to Include Anthropic Fundraising Angle</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In the ongoing legal battle fight involving <a href="https://coinpedia.org/news/sam-bankman-fried-trial-update-the-money-belonged-to-customers-ftx-co-founder-reveals-shocking-details/">Sam Bankman-Fried</a>, the founder of FTX, a big cryptocurrency exchange, his defense team is using different strategies to change the course of the case. One of their tricks is bringing up “Anthropic AI Raised Funds.” But why are they doing this? It seems they want to prolong the case and find unusual ways to help the troubled CEO using humanitarian reasons. </p> 
<p>The U.S. Department of Justice (DOJ) had earlier rejected the unclear arguments from the defendant in the FTX case. So, what’s next in the SBF case? Let’s find out.</p> 
<h2 class="wp-block-heading" id="strong-understanding-anthropic-s-role-strong"><strong>Understanding Anthropic’s Role</strong></h2> 
<p>Anthropic, an artificial intelligence company with a bright future, is unexpectedly at the center of a legal dispute involving Sam Bankman-Fried. This dispute came after Anthropic got lots of money from big players like Google and Amazon. This made people think that FTX’s creditors might get their money back.</p> 
<h2 class="wp-block-heading" id="doj-voices-their-concerns">DOJ Voices Their Concerns </h2> 
<p>Recently, the U.S. <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.315.0.pdf">Department of Justice (DOJ)</a> said they don’t like Bankman-Fried’s defense team bringing up Anthropic’s recent fundraising in his trial.</p> 
<p>The DOJ is clear that talking about Bankman-Fried’s investments in Anthropic doesn’t matter for the wire fraud charges he’s facing. They want everyone to focus on the claim that he wrongly used FTX customer deposits for investments and other expenses.</p> 
<p>Even if some of these investments made money, the DOJ says that doesn’t get Bankman-Fried off the hook. They believe that using <a href="https://coinpedia.org/crypto-live-news/ftx-trial-friday-filling-details/">FTX</a> money for investments, even if it makes a profit, is wire fraud.</p> 
<p>The DOJ also doesn’t want to use Anthropic’s fundraising to suggest that FTX customers might get paid back someday. The court said no to this idea because the charges against Bankman-Fried are about using customer money the wrong way, not about making money from investments.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/sam-bankman-frieds-trial-day-3/">Sam Bankman-Fried’s Trial Day 3: Shocking Information Revealed!</a></p> 
<h2 class="wp-block-heading" id="the-importance-of-anthropic">The Importance of Anthropic </h2> 
<p>It’s important to highlight Anthropic’s role in this legal battle. They have big deals with Amazon, possibly worth up to $4 billion, and they’re talking about getting another $2 billion in funding, according to <a href="https://www.bloomberg.com/news/articles/2023-10-04/ftx-creditors-speculate-over-fate-of-burgeoning-anthropic-ai-stake?sref=3REHEaVI">Bloomberg</a>. These numbers show how much money is involved in this case. As the trial date gets closer, whether Anthropic’s fundraising can be used as evidence is a big disagreement between Bankman-Fried’s defense team and the DOJ.</p> 
<h2 class="wp-block-heading" id="strong-what-s-next-strong"><strong>What’s Next?&nbsp;</strong></h2> 
<p>Caroline Ellison is an important witness for the prosecution, but she hasn’t testified yet in the FTX trial. Her testimony could change the game. Other witnesses have hinted that Alameda did well on FTX and used tricks to control the market. Ellison’s information could make a big difference in the case, revealing important details about Bankman-Fried’s role in FTX and Alameda Research.</p> 
<p>Read More: <a href="https://coinpedia.org/news/top-reasons-why-the-crypto-market-is-down-today/">Top Reasons Why the Crypto Market is Down Today</a></p>

SBF on Trial: DOJ Rejects Argument to Include Anthropic Fundraising Angle

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