SBF is faced with new accusation: Founder of FTX accused of passing on confidential information to the media

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Samuel Bankman-Fried, founder of the inactive FTX, is faced with new accusations. The US Ministry of Justice has accused him of passing on the personal protocol of a former employee, Caroline Ellison, to the New York Times. On July 1, a lawsuit against Bankman-Fried was submitted in which he was accused of jeopardizing Ellison's discrediting.

The New York Times then published an article entitled "Insight into the private writings of Caroline Ellison, main testimony in the FTX case", in which personal information about Ellison's mood was revealed during their work at Alameda Research LLC. The article reported, among other things, about her struggle with the stress of her work, psychological pain due to a separation from Bankman-Fried and professional instabilities.

At the time of publication of the article, Ellison was already charged with allegations of fraud in connection with the crypto swap, which led to a crash. She had agreed to testify against Bankman-Fried.

The federal government revealed documents that apparently come from Bankman-Fried, but were not part of the main instance. The prosecutors are concerned that these revelations could affect Ellison's integrity as a witness and require rules for extrajudicial declarations to ensure a fair process. Such leaks can not only influence the jury, but also to prevent other potential witnesses.

May 2023 applied for the legal group, which Banksman-Fried represents, the lawsuit against him. They claimed that Bankman-Fried duplicate risk. However, judge Lewis Kaplan rejected the applications and described them as inferior. Bankman-Fried is currently under house arrest, and the process is planned for October. His lawyers are calling for a delay in the procedure.

The potential consequences for Bankman-Fried are extreme. In the event of a conviction in all charges, he could spend over a hundred years in prison, including fraudulent costs for the alleged abuse of customer property. It remains to be seen how the process will go and what consequences from this will result in Bankman-Fried.