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CoinDesk Podcast Network

SBF TRIAL PODCAST 10/13: Listen to the Things SBF's Defense Lawyers Should Be Freaking Out About and Caroline Ellison Completes Testimony

Oct 13, 2023
Lead attorney Mark Cohen fails to establish Caroline Ellison's responsibility for the collapse of FTX in the cross-examination. Defense's strategy remains unclear and their ability to challenge the prosecution's narrative is questioned. The podcast discusses ineffective cross-examination, revealing tapes, defense strategy, witness testimony, and the impact of FTX's collapse on BlockFi.
09:08

Podcast summary created with Snipd AI

Quick takeaways

  • Defense attorney Mark Cohen failed to undermine Caroline Ellison's credibility and missed opportunities to challenge the prosecution's narrative.
  • The defense's cross-examination lacked focus and failed to establish that Sam Bankman-Fried was not responsible for FTX's collapse.

Deep dives

Cohen's Ineffective Cross-Examination

During the cross-examination of Caroline Ellison, Sam Bankman Freed's lead attorney, Mark Cohen, failed to prove his point that Ellison was more responsible for FTX's collapse than his own client. Despite Ellison's over answering and Cohen catching her conveniently forgetting positive statements about Bankman Freed's awareness, Cohen did not bring up questions about her drug use or past romantic relationship with Bankman Freed. His cross-examination lacked focus, and the defense's strategy remains unclear. The defense also attempted to discredit a secret tape of Ellison revealing that Alameda used FTX as a personal piggy bank, but the prosecution mitigated that attack by confirming Ellison's nervous laughter was consistent throughout her time at Alameda.

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