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- FTX‘s former lawyer Daniel Friedberg has signed a Proffer letter to cooperate with U.S. prosecutors.
- Friedberg disclosed how Bankman-Fried used customer funds to back his business.
- Friedberg hasn’t been charged and wants to be called as a government witness in the FTX case.
According to the latest reports, FTX‘s former top lawyer Daniel Friedberg has signed a Proffer letter to cooperate with U.S. prosecutors in the investigation of the crypto exchange‘s collapse.
On 22 November, Friedberg attended a meeting with several officials from the Justice Department, Federal Bureau of Investigation, and the U.S. Securities and Exchange Commission, in the U.S. Attorney for the Southern District of NY office.
At the meeting, he disclosed information as to how Bankman-Fried used customer funds to financially back his business. Friedberg also revealed details regarding the functioning of Bankman-Fried’s hedge fund Alameda Research.
Reports suggest that Friedberg has not been charged. Friedberg reportedly is expected to be called as a government witness in Bankman-Fried’s October trial.
Days after FTX filed for bankruptcy, two NY-based FBI agents called Friedberg up. Friedberg told them that he was ready to cooperate with investigators if FTX waived his attorney-client priv ...
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