Unchained

SBF Trial, Day 13: Before Judge, Former FTX CEO Sam Bankman-Fried Gives Few Straight Answers

Oct 27, 2023
In a courtroom drama, the former FTX CEO took the stand, showcasing a range of evasive and convoluted responses. His challenging cross-examination revealed a struggle to answer direct questions about customer funds. The tension escalated as his frequent apologies contrasted with the prosecutor's sharp inquiries. The episode also highlighted the implications of using encrypted messaging and the company's questionable data retention practices.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ANECDOTE

SBF's Testimony Style

  • Sam Bankman-Fried's testimony was marked by long, rambling answers and frequent apologies.
  • This contrasted sharply with the prosecutor's pointed questions, making him appear evasive.
ANECDOTE

SBF on Alameda and Customer Funds

  • When asked about Alameda's use of customer funds, SBF gave a page-long, rambling response.
  • He started by stating he wasn't a lawyer and wasn't giving a legal interpretation.
ANECDOTE

SBF on Embezzlement

  • When asked if safeguarding assets included not embezzling customer funds, SBF's lawyer objected.
  • Despite the objection being sustained, SBF answered, causing laughter in the courtroom.
Get the Snipd Podcast app to discover more snips from this episode
Get the app