Crypto Critics' Corner
Caroline Ellison Takes the Stand: the Sam Bankman-Fried Trial Week 2 (Feat. Nikhilesh De)
Oct 17, 2023
Nikhilesh De of CoinDesk joins the podcast to discuss the ongoing trial of Sam Bankman-Fried. The interesting topics covered include the testimony of witnesses Gary Wang and Carolyn Ellison. They explore the implications of lying in the trial, Carolyn's testimony and her portrayal of her relationship with Bankman-Fried, Ellison's testimony about alleged Chinese government bribery, a funds freezing scheme, wire fraud rumors, and the judge's frustration during the trial. The podcast also analyzes the trial proceedings and defense strategy.
39:15
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Quick takeaways
- Gary Wong testified about accessing funds and trading ahead on FTX platform, revealing potential market manipulation.
- Caroline Ellison highlighted her coerced involvement in illicit activities instructed by Sam Bankman-Fried, including bribery and hiding liabilities.
Deep dives
Gary Wong's cross-examination
Gary Wong, a former FTX insider, answered prosecution questions about accessing funds from FTX customers, placing trades ahead of others on the platform. Defense cross-examination focused on details of his testimony and cooperation agreement with prosecutors.
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