SBF’s Legal Team Digs Deep Into Gary Wang’s $300 Million Alameda Loans Testimony | Headlines | News | CoinMarketCap

10/11/2023 05:09
SBF’s Legal Team Digs Deep Into Gary Wang’s $300 Million Alameda Loans Testimony | Headlines | News | CoinMarketCap

In recent events, the loans taken from Alameda Research have been scrutinized, with lawyers representing Sam Bankman-Fried, also known as SBF, …

In recent events, the loans taken from Alameda Research have been scrutinized, with lawyers representing Sam Bankman-Fried, also known as SBF, seeking clarity from FTX co-founder Gary Wang.

SBF Lawyers Into The Loan’s Legalities

Sam Bankman-Fried, the founder of the now-defunct FTX exchange, seems to be in a tangle over the loans given out by Alameda Research. Lawyers on his team are eager to question Gary Wang about the details and the legal counsels involved in the loans he received from the trading firm.

Last week, during the trial, the prosecutors delved deep into Wang’s financial activities. They pointedly asked about what they described as “a series of personal loans” that ranged from roughly $200-$300 million.

These loans were notable as they were issued to Wang from Alameda …

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