Timeline, Government Strategy, and Banking Relationships

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A discussion on the trial process and the government's strategy in presenting the case, including the translation of complex details. Specific banking relationships and fraudulent activities are also mentioned, along with potential arguments regarding the complexity of crypto and the need for new regulations.

Paris Marx is joined by Jacob Silverman to discuss the start of the criminal trial against Sam Bankman-Fried, what we know about the case, and whether he’s likely to be found guilty.

Jacob Silverman is a journalist and the co-author of Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud. He’s also the host of The Naked Emperor. Find more of Jacob’s work on jacobsilverman.com.

Tech Won’t Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.

The podcast is produced by Eric Wickham and part of the Harbinger Media Network.

Also mentioned in this episode:

Jacob wrote about the trial on his newsletter.
Molly White has also written a preview of what’s to come in the Bankman-Fried trial.
Sam Bankman-Fried leaked Caroline Ellison’s diaries to the New York Times. Soon after, his bail was revoked and he was sent to prison for over witness tampering.
Sam Bankman-Fried was interviewed by Matt Levine on Odd Lots and basically admitted yield farming was a Ponzi scheme.
Caroline Ellison, Gary Wang, and Nishad Singh have all pleaded guilty and are expected to be collaborating with the government against Bankman-Fried.
Bankman-Fried’s parents are also being sued over the millions they got from FTX.