UNITED STATES OF AMERICA v. SAMUEL BANKMAN-FRIED Court Filing Lewis A. Kaplan, December 9, 2022 is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This is part 5 of 25.
PRELIMINARY STATEMENT
II. BACKGROUND TO ALL MOTIONS
D. Impact on FTX
Ultimately, the fall became too pronounced and FTX was caught up in this same downturn. Like many other cryptocurrency market participants, and many other start-ups that experience exponential growth in a short period, FTX did not have fully developed controls and risk management protocols. FTX, like other market participants, was susceptible to a broader market collapse. Over the course of mid-late 2022, FTX’s and Alameda’s assets steadily depleted as they paid back billions of dollars to their customers and lenders.
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This court case S5 22 Cr. 673 (LAK) retrieved on September 1, 2023, from Storage.Courtlistener is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction.
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