Crypto Critics' Corner
Did Sam Bankman-Fried's Defense Blow It? (Feat. David Z. Morris)
Oct 9, 2023
Guests Adam Yedidia, Gary Wang, and Matt Huang discuss the trial of Sam Bankman-Fried, revelations about FTX, flawed insurance fund calculations, and updates on the defense strategy and Cascoin. Things aren't going well for Sam in the trial.
38:29
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Quick takeaways
- The defense's tactics during the trial have raised concerns, with their cross-examinations appearing repetitive and lacking a coherent alternate narrative.
- Key testimonies from witnesses like Gary Wong have contributed to the prosecution's case, revealing early financial troubles within Alameda Research and its impact on FTX.
Deep dives
Testimony Overview
The podcast episode discusses the trial proceedings, focusing on the testimonies of various witnesses. Adam Y didia, a developer and longtime friend of San Bangman-Freed, testified about his involvement without pleading guilty to any crimes. Matt Huang, a venture fund founder, testified about their experience getting robbed. Gary Wong, co-founder of FTX and Alameda Research, had a significant testimony, revealing that Alameda was already using customer funds as leverage for margin loans in late 2019. The defense seemed to struggle, with their cross-examinations appearing repetitive and lacking a coherent alternate narrative.
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