Unchained
The Chopping Block: Gabriel Shapiro on Why Sam Bankman-Fried May Be a ‘Sociopath’ - Ep. 555
Oct 12, 2023
Gabriel Shapiro, general counsel at Delphi Labs and cryptocurrency legal expert, joins the conversation to dissect the ongoing trial of Sam Bankman-Fried. He argues that SBF may exhibit sociopathic traits and critiques the weaknesses in his defense strategy. The discussion reveals the chaotic inner workings of FTX and dives into the investor psychology that allowed for such risky bets. Shapiro also emphasizes the need for stronger regulatory frameworks in the crypto space, raising questions about accountability and the lessons to be learned from this high-profile debacle.
59:31
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Quick takeaways
- Sam Bankman-Fried's defense strategy in his trial appears weak, with evidence against him piling up and objections being overruled.
- Investor testimony can have a significant impact on the outcome of a high-profile case, highlighting the importance of due diligence and legal counsel competence.
Deep dives
Trial and Expectations
The trial of Sam Bankman-Fried (SBF) is living up to expectations with big numbers, bad acts, and SBF facing blame and hits in the courtroom. The trial is revealing evidence against SBF, including instructions to give Alameda special status in the liquidation engine, a fake insurance fund, and questionable decisions like not requesting a seat on the board.
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