Bitrabo Editorial
In a recent legal document, Caroline Ellison, who previously served as CEO of Alameda Research, is gearing up for her sentencing hearing—two years after the downfall of the FTX exchange, which was previously managed by her ex-partner, Sam Bankman-Fried.
The document also indicates that Ellison is asking for the ability to conceal certain private information in her upcoming sentencing report, with the goal of safeguarding both her supporters’ identities and her personal living circumstances from being publicly exposed.
Request for Confidentiality from Ellison’s Legal Team
On Monday, Ellison’s lawyer filed a request with Judge Kaplan, emphasizing the importance of omitting names and personal details of those who have provided letters of support for Ellison.
The request highlights fears of “potential harassment and doxing,” given the high-profile media coverage surrounding Ellison since the initiate stages of the case. Furthermore, previous attempts by Bankman-Fried to leak her private information have contributed to these privacy concerns, motivating Ellison to seek safeguards for her allies and supporters.
The submission stresses the need to find a balance between public access to court documents and the privacy rights of individuals not directly connected to the case. Citing legal precedents, Ellison’s legal team maintains that the requested redactions would minimally affect the court’s judgment as the information does not significantly influence the sentencing decision.
Aftermath of the FTX and Alameda Research Controversy
Among the details Ellison plans to hide are particular medical information and facts about her living circumstances to prevent potential vulnerabilities. The document notes that although court guidelines permit the redaction of medical documents, the information Ellison aims to protect isn’t classified as formal medical data but still carries considerable privacy concerns.
Furthermore, the former Alameda Research CEO intends to present journal entries that reflect her mindset during her time with the company. However, she is also requesting to remove “potentially embarrassing information” that relates to other people but is not relevant to the public. Her lawyers suggest that the court has previously approved similar requests.
As previously noted by Bitrabo, Ellison’s role in the FTX scandal has been substantial. She confessed to colluding with Bankman-Fried to deceive investors, lenders, and consumers, disclosing that FTX executives obtained large loans from Alameda Research.
Currently, Bankman-Fried is serving a 25-year sentence in a detention facility in Oklahoma, despite a federal judge suggesting he stay in New York to assist with his appeal following court findings that had far-reaching impacts on the cryptocurrency market.
As of now, FTX’s native token, FTT, is priced at $1.33, showing an increase of 1.4% in the past day. This rise is currently driven by Bitcoin (BTC), which is attempting to recover the $58,000 level after dipping to nearly $52,000 on Friday.
Featured image from DALL-E, chart from TradingView.com