Unchained SBF Trial, Day 2: DOJ: Sam Bankman-Fried ‘Lied’ His Way to ‘Wealth, Power, and Influence’
Oct 5, 2023
On the second day of Sam Bankman-Fried's trial, the prosecution accused him of deception to gain power and wealth. The contrasting defense suggested a different narrative. Key testimonies included a distressed FTX customer and a close friend of Bankman-Fried, adding emotional weight to the proceedings. Upcoming witnesses promise further insight from prominent figures in the crypto world, shaping a case that could drastically affect the industry's future.
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Episode notes
Opening Statements
- The prosecution's opening statement was simple, using words like "lied" and "stole."
- The defense described SBF as a "math nerd" who acted in "good faith."
Customer Loss
- FTX customer Marc-Antoine Julliard lost about $150,000.
- He trusted SBF because of SBF's image of wanting to do good for the crypto industry.
Reassuring Tweets
- On November 6th and 7th, SBF tweeted that customer assets were safe.
- Julliard didn't withdraw his funds due to these tweets.