New Lawsuit Alleges SBF Had Access to ‘Secret’ Credit from Bahamian Bank Deltec to Buy Tether: Bloomberg
Bahamian bank Deltec is facing a new lawsuit claiming it provided a ‘secret’ line of credit to FTX fraudster Sam Bankman-Fried that allowed him to buy Tether, a February 17 Bloomberg report reveals.
Originally filed in Florida federal court on Friday, documents verified by Bloomberg allege “Bankman-Fried’s hedge fund Alameda Research fueled the growth of Tether using in part a secret short-term line of credit worth billions of dollars” from Deltec.
According to Bloomberg, former CEO of Alameda Research and the ex-girlfriend of Bankman-Fried Caroline Ellison has cooperated with the investigation and has “turned over 7,000 pages of Telegram chats.”
Reporter Zeke Faux, who originally published the story, took to X to share a number of documents detailing communications between key FTX and Alameda Research players.
more interesting texts with Tether revealed by Caroline Ellison in FTX lawsuit pic.twitter.com/OcR4WXnTNy
— Zeke Faux (@ZekeFaux) February 18, 2024
“Money for Sam has traditionally = money for Giancarlo (Devasini) so all around good,” former FTX CEO of Digital Markets, Ryan Salame, said in a message included in the filings.
“We are a big family…we will conquer the world,” Giancarlo Devasini, Tether’s Chief Financial Officer replied.
“What’s your role in this madhouse,” an unnamed messenger asked an Alameda trader.
“Make money for Sam (Bankman-Fried) I guess,” the Alameda Trader replied.
Despite the litigation brought forth by a number of the exchange’s victims, the report states that Desiree Moore, a lawyer for Deltec, claims the bank’s chairman, Jean Chalopin, had zero knowledge of FTX’s crypto-related crimes until they were made public.
“The allegations rely heavily on unsubstantiated statements by individuals who we
Read more on cryptonews.com
