

The Intelligence: Sam Bankman-Fried convicted
10 snips Nov 3, 2023
Alice Fullwood, a Wall Street correspondent for The Economist, and Sasha Nauter, the social affairs editor, dissect the dramatic fall of Sam Bankman-Fried, convicted of fraud and its ripple effect on the cryptocurrency market. They also explore the evolution of IVF treatment, shedding light on accessibility issues many face. Lastly, the discussion turns to the shifting nuances of Southern accents, revealing how generational change is shaping linguistic identities in America’s South.
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FTX Collapse
- FTX, once a promising crypto exchange, featured in Super Bowl ads with Larry David.
- It collapsed a year later, leaving an $8 billion hole and damaging the crypto industry's credibility.
Swift Conviction
- Sam Bankman-Fried's trial moved quickly, with evidence presented and a guilty verdict reached efficiently.
- The jury's swift decision highlighted the strength of the prosecution's case.
Trial Testimony
- Key witnesses included Caroline Ellison, Gary Wang, and Nishad Singh, who testified against SBF.
- SBF's defense blamed accounting errors and Alameda's structure, but it was unconvincing.