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Bankless
ROLLUP: SBF vs Caroline Ellison | Sam Altman on Joe Rogan | ETH Predictions
Oct 12, 2023
Dive into the dramatic SBF trial as Caroline Ellison testifies about the chaos at FTX and Alameda Research. Discover insights from Sam Altman on crypto during his Joe Rogan appearance and gauge American attitudes towards digital currencies. Explore Ethereum's price predictions and the implications of ongoing inflation trends. The intersection of crypto with global conflicts raises critical concerns about financing and transparency. Lastly, enjoy a light-hearted take on Halloween costume ideas inspired by the crypto world!
01:21:54
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Quick takeaways
- During the SBF trial, revelations of fraudulent practices, including falsified balance sheet reports, use of fake trading accounts, and attempts to bribe officials, have emerged.
- The ongoing debate surrounding Lido, a decentralized protocol for staking ETH, involves variables such as roadmap, financial incentives, attacks on Ethereum consensus, and moralistic pressure.
Deep dives
Week 2 of SBF Trial: Revelations About Alameda's Balance Sheet and Relationship with FTX
In week two of the SBF trial, Gary Wang, the CTO of FTX, testified that Alameda had a convoluted and fraudulent relationship with FTX since its inception in 2019. Alameda borrowed funds from FTX and the hole in FTX's balance sheet started from the beginning. Caroline Ellison, another key witness, revealed that she produced multiple versions of falsified balance sheet reports to hide the fact that Alameda borrowed $9.9 billion from FTX. The trial also uncovered unethical practices, including using Thai prostitutes' IDs to create fake trading accounts and attempts to bribe a Chinese official with $150 million to unfreeze accounts. The trial continues with more testimonies and revelations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode