

SBF Trial, Day 16: In Final Cross Examination, SBF Gets Caught Again by His Own Words
Nov 1, 2023
The courtroom drama heats up as prosecutors relentlessly challenge Sam Bankman-Fried's credibility. They expose his surprising ignorance about the $8 billion misused by Alameda, questioning his lack of action as CEO. Tensions rise as he admits he never blocked employees from spending customer funds. The prosecution also hints at his questionable ties with Bahamian officials, leading to more scrutiny. As both sides rest their cases, the stage is set for gripping closing arguments that could change everything.
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SBF and Bahamian Officials
- The prosecution questioned Bankman-Fried's relationship with Bahamian officials.
- This included alleged proposals to pay off national debt and gifts like floor seats at FTX Arena.
Bahamian Customer Withdrawals
- Bankman-Fried admitted FTX reopened only for Bahamian customers after halting withdrawals.
- He claimed to have learned about the misuse of FTX customer funds in late 2022.
Missing Customer Funds
- Sassoon questioned SBF about $8 billion in missing FTX customer funds.
- SBF claimed ignorance about who spent the money, despite being CEO of FTX.