Legal Labyrinth: The FTX Investigation

TuongVy Le, partner and head of regulatory & policy at Bain Capital Crypto, discusses how the legal process for Sam Bankman-Fried in the wake of the FTX scandal could play out. 

Show highlights:

• the allegations that Bankman-Fried manipulated the market during the Terra crash
• the motivations for Bankman-Fried's media appearances
• what the selection of Mark Cohen as a lawyer says about the potential charges and the case
• why SBF hasn't been arrested yet
• how the US investigating the potential involvement of Bahamian government officials could complicate cooperation of an arrest of SBF in the Bahamas
• why this case is very different from Bernie Madoff's
• what evidence would be needed to say, legally, that SBF committed fraud
• the potential outcomes of the legal case for SBF and how many years of prison time he could face

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TuongVy :

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Episode Links

FTX:

• Unchained:
• Regulators Investigate Sam Bankman-Fried for Terra-Related Market Manipulation
• Sam Bankman-Fried Hires Ghislaine Maxwell’s Defense Lawyer: Report

Investigations: 

• Reuters: U.S. authorities probe FTX collapse, executives' involvement -sources
• CoinDesk: California Financial Regulator Announces FTX Investigation

Others:

• CNBC: Former OpenSea employee charged in first-ever NFT insider trading case
• NYT: 
• Ex-Coinbase Employee and 2 Others Charged With Insider Trading of Crypto Assets
• Two former Deutsche Bank traders win their appeal in a Libor manipulation case

• Previous coverage of Unchained on FTX:
• The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He?
• Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion
• Is the Collapse of Crypto Lending Over, or Is It Just Starting?
• Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX?
• The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater 
• Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets
• The Chopping Block: FTX: The Biggest Collapse in the History of Crypto?
• Sam Bankman-Fried on How to Prevent the Next Terra and 3AC

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