SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF’s Family
Oct 4, 2023
auto_awesome
Laura reports on the composed Sam Bankman-Fried and potential jurors with surprising crypto ties. The government's stance on a plea deal is clarified. A long list of potential witnesses from the crypto world is unveiled. Tune in for updates on the trial that could impact the crypto industry.
Sam Bankman-Fried appeared composed and visibly prepared for the trial, addressing the possibility of testifying himself, while the government clarified that no plea discussions or offers were made.
The jury de-selection process revealed potential jurors with conflicts of interest in the crypto industry, including investors and victims of crypto scams, and a long list of potential witnesses from the crypto world was presented by the government.
Deep dives
First Day of the Trial and Binghaman-Fried's Appearance
On the first day of the criminal trial of Sam Binghaman-Fried, it was noted that he appeared noticeably thinner and had cut his hair to look more presentable. He was seen with a laptop, possibly scrolling through it, and he appeared less jittery than usual. The issue of whether Binghaman-Fried would testify was addressed by the judge, who emphasized that the decision lay solely with him. Although the defense has not indicated whether Binghaman-Fried will testify, his previous interviews about the case have gone against legal advice. The government also stated that there were no plea discussions or offers made in the case.
Jury Deselection Process and Prospective Jurors
The theme of the first day of the trial was the jury deselection process, where the judge posed questions to prospective jurors to ensure impartiality. This led to moments of humor as some potential jurors revealed conflicts of interest or personal circumstances that made it difficult for them to serve. Some jurors mentioned their investments in the crypto industry, including one who had processed claims for victims of Bernie Madoff, and others who had lost money in crypto investments. The government also read a long list of potential witnesses, including FTX executives and notable names from the crypto world. The day concluded with 50 potential jurors remaining, with the judge expected to select 12 jurors and six alternates on the next day.
1.
First Day of the Trial: Appearance, Plea Offers, and Testimony
Laura reports on a noticeably composed Bankman-Fried and delves into the jury de-selection process, revealing potential jurors with surprising crypto ties. The government's stance on a plea deal is finally clarified, and a long list of potential witnesses from the crypto world is unveiled.
Tune in to get the latest updates and insights on a case that could have far-reaching implications for the crypto industry.
If you need to catch up, don’t miss our recent coverage on the trial: