🔥Odaily Planet Daily Hot Topics🔥Lawyers for FTX founder Sam Bankman-Fried (SBF) are seeking to ask co-founder Gary Wang whether he relied on legal advice when agreeing to a series of loans linked to hedge fund Alameda Research. 🔍Prosecutors have launched an investigation into approximately $200 million to $300 million in loans Gary Wang received from Alameda Research, which he used to make venture investments and purchase properties in the Bahamas. 🏠
The SBF argued the lawyer's involvement showed he was unaware the company's loans were improper and asked Judge Lewis Kaplan for permission to question Gary Wang on the issue. 👨⚖️Gary Wang is expected to complete his testimony later on Tuesday, followed by Caroline Ellison, the former head of Alameda Research and SBF's ex-girlfriend. 😮Gary Wang and Caroline Ellison have both pleaded guilty and are cooperating with investigators. 💼（CoinDesk）
The SBF argued the lawyer's involvement showed he was unaware the company's loans were improper and asked Judge Lewis Kaplan for permission to question Gary Wang on the issue. 👨⚖️Gary Wang is expected to complete his testimony later on Tuesday, followed by Caroline Ellison, the former head of Alameda Research and SBF's ex-girlfriend. 😮Gary Wang and Caroline Ellison have both pleaded guilty and are cooperating with investigators. 💼（CoinDesk）