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Unchained

How Heated Sidebars During the SBF Trial Could Impact the Jury’s Decision - Ep. 556

Oct 13, 2023
Ari Redbord, Global Head of Policy at TRM Labs, brings expertise to the hot topic of Sam Bankman-Fried’s trial. He discusses the critical role of Caroline Ellison's testimony and her credibility as a witness. Heated sidebars in the courtroom reveal tensions between legal teams and may influence jury perceptions. Redbord examines the defense's repetitive questioning strategy and questions SBF's decision to proceed with the trial despite facing a long potential prison sentence. The implications for cryptocurrency and trial dynamics are explored in depth.
45:16

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The question of who was actually in charge is critical to the SBF trial.
  • Sidebars in the courtroom can get heated.

Deep dives

FTX faces heist and security concerns

FTX, a cryptocurrency exchange, experienced a heist of over $400 million from its wallets, raising concerns about its security measures. Former FTX staff worked to secure over $1 billion in assets, including moving some to cold storage wallets. In addition, FTX co-founder Gary Wang admitted that the exchange fabricated publicly advertised numbers in its secure asset fund for users. The exchange's defunct trading arm, Alameda Research, also faces security issues, with an alleged loss of $190 million due to inadequate security measures.

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