Unchained
SBF Behind Bars: Why Revoked Bail Is a Big Deal for Crypto’s Biggest Trial - Ep. 533
Aug 18, 2023
Brian Klein, a partner at Waymaker, provides critical legal insights into the challenges facing Sam Bankman-Fried, now detained for attempting to intimidate witnesses. The dynamics of trial prep shift dramatically, raising questions about possible plea deals and delays. Meanwhile, Michael Del Castillo offers a recap of crypto’s turbulent landscape, highlighting ongoing SEC battles and industry shake-ups. The interplay between legal strategies and the evolving crypto scene makes for a riveting discussion.
43:36
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Quick takeaways
- SBF's detainment poses challenges for the defense in trial preparation and could potentially lead to a longer trial preparation period.
- Detainment restricts communication and access to lawyers and documents, putting more pressure on the defense in trial preparation.
Deep dives
Brian Klein discusses Sam Bankman-Fried's bail revocation and judge's decision
Brian Klein, partner at Waymaker, discusses the recent revocation of bail for Sam Bankman-Fried (SBF), former FTX CEO. Judge Lewis Kaplan revoked SBF's bail after it was revealed that he leaked parts of Caroline Ellison's diaries to the New York Times. Judge Kaplan believed SBF had intended to intimidate witnesses, including Ellison, from fully cooperating with the government. While the defense disagreed with the judge's decision, emphasizing that it wasn't SBF's intention, the judge took the matter seriously, as non-intimidation of witnesses is a standard condition of release for any defendant. SBF's detainment presents challenges for the defense in preparing for trial and could potentially lead to a longer trial preparation period.
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