Sam Bankman-Fried’s trial is going about as well as expected
The post Sam Bankman-Fried’s trial is going about as well as expected appeared on BitcoinEthereumNews.com. As the criminal trial of disgraced FTX founder Sam Bankman-Fried (SBF) takes a breather, we recap the previous week’s highlights, lowlights, and some very dim bulbs. SBF’s fraud and money laundering trial took last Friday off and won’t resume action until October 26, which gives us a chance to summarize the major episodes from last week’s drama. Not the least of which was SBF finally getting a change to his Adderall prescription, which the perpetually-fidgeting-not-at-all-tweaking-like-a-methhead SBF claims help his attention deficit disorder. After having his normal dosage of 12 bottles of Adderall per hour [satire alert] restricted to two daily doses by his Manhattan jailers, SBF was granted permission last Thursday to switch to an extended-release version of the stimulant. SBF’s attorneys had argued that SBF’s withdrawal symptoms were negatively impacting his ability to participate in his own trial, offering the tantalizing possibility that, if suitably doped, he’ll take the stand to testify when the defense presents its case. But enough future-surfing. When we last left our hero, Caroline Ellison, SBF’s ex-girlfriend/CEO of FTX’s market maker Alameda Research, had wrapped up two days of testimony in which she repeatedly kicked her ex in the gonads while his attorneys failed to land a punch during their cross-examination. We’ll start with testimony from Zac Prince, former CEO of bankrupt digital asset lender BlockFi, which SBF had made a very public bid to acquire shortly before FTX itself went under. While SBF was painted as the white knight of ‘crypto’ at the time, we now know that his real goal was to get his hands on BlockFi customer assets to partially plug the hole in FTX after Alameda ‘borrowed’ (and lost) billions in FTX customer funds. On the stand, Prince proved the latest ‘crypto’ luminary who publicly preached the mantra of ‘don’t trust: verify’ while doing the exact opposite. Prince testified that BlockFi “always relied on the…
The post Sam Bankman-Fried’s trial is going about as well as expected appeared on BitcoinEthereumNews.com.
As the criminal trial of disgraced FTX founder Sam Bankman-Fried (SBF) takes a breather, we recap the previous week’s highlights, lowlights, and some very dim bulbs. SBF’s fraud and money laundering trial took last Friday off and won’t resume action until October 26, which gives us a chance to summarize the major episodes from last week’s drama. Not the least of which was SBF finally getting a change to his Adderall prescription, which the perpetually-fidgeting-not-at-all-tweaking-like-a-methhead SBF claims help his attention deficit disorder. After having his normal dosage of 12 bottles of Adderall per hour [satire alert] restricted to two daily doses by his Manhattan jailers, SBF was granted permission last Thursday to switch to an extended-release version of the stimulant. SBF’s attorneys had argued that SBF’s withdrawal symptoms were negatively impacting his ability to participate in his own trial, offering the tantalizing possibility that, if suitably doped, he’ll take the stand to testify when the defense presents its case. But enough future-surfing. When we last left our hero, Caroline Ellison, SBF’s ex-girlfriend/CEO of FTX’s market maker Alameda Research, had wrapped up two days of testimony in which she repeatedly kicked her ex in the gonads while his attorneys failed to land a punch during their cross-examination. We’ll start with testimony from Zac Prince, former CEO of bankrupt digital asset lender BlockFi, which SBF had made a very public bid to acquire shortly before FTX itself went under. While SBF was painted as the white knight of ‘crypto’ at the time, we now know that his real goal was to get his hands on BlockFi customer assets to partially plug the hole in FTX after Alameda ‘borrowed’ (and lost) billions in FTX customer funds. On the stand, Prince proved the latest ‘crypto’ luminary who publicly preached the mantra of ‘don’t trust: verify’ while doing the exact opposite. Prince testified that BlockFi “always relied on the…
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