As revealed in a recent court filing, Caroline Ellison, the former CEO of Alameda Research, is preparing for a sentencing hearing two years after the collapse of the FTX exchange, which was once run by her former partner, Sam Bankman Fried.
However, the filing reveals that Ellison asked permission to delete sensitive information from the upcoming sentencing statement, in order to protect the identities of third parties and her current living situation from public scrutiny.
Ellison’s lawyer seeks privacy protection
Ellison’s Attorney Presented A motion filed with Judge Kaplan on Monday highlights the need to remove the names and personally identifiable information of individuals who wrote letters of support on her behalf.
The lawsuit cites concerns about “potential harassment and defamation,” particularly in light of the intense media attention that has surrounded Ellison since the case began. Bankman-Fried’s previous attempts to reveal her identity Private details This exacerbated these fears, prompting Ellison to seek protection for her friends and supporters.
The motion emphasizes the balance between public access to court documents and the privacy interests of individuals not involved in the case. Ellison’s attorney, citing case law, argues that the proposed changes would have little impact on the court’s decision-making process because the information is not material to the outcome of the ruling.
FTX and Alameda Research Scandal Implications
Among the items Ellison wants to withhold are medical details and aspects of her life that could put her at greater risk. The filing notes that while court rules allow for withholding Medical RecordsThe information Ellison seeks to protect does not fall within formal medical documentation but still has significant privacy implications.
Additionally, the former Alameda Research CEO plans to file memoirs reflecting on her state of mind during her tenure at Alameda Research, but she also requests that “potentially embarrassing information” that relates to others but lacks public significance be redacted. Notably, the lawyers appreciate that the court has granted similar requests in the past.
As before Reported According to Bitcoinist, Ellison’s involvement in the FTX scandal was extensive. She admitted to conspiring with Bankman-Fried to defraud investors, lenders, and consumers, and revealed that FTX executives received large loans from Alameda Research.
On the other hand, Bankman-Fried currently serves Sentenced to 25 years in prison Jacob Zuckerberg remains in custody in an Oklahoma detention center, despite a federal judge recommending he stay in New York to help with his appeal after court findings that ultimately had dire consequences for the broader cryptocurrency market.
At the time of writing, FTX’s native token FTT is trading at $1.33, up 1.4% in the last 24 hours. The rally is currently being led by Bitcoin (BTC), which is currently struggling to reclaim the $58,000 level, after falling towards $52,000 on Friday.
Featured image by DALL-E, chart by TradingView.com