Sam Bankman-Fried—and Crypto—on Trial
Slate Daily Feed
Slate
3.9 • 1.1K Ratings
🗓️ 6 October 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
As the trial begins, SBF is making the case that what he did is typical in the world of crypto. But when the government paints a much bleaker picture of FTX—one riddled with fraud and deception—what does that say about the industry?
Guest: Nitish Pahwa, associate business and tech writer at Slate.
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Transcript
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| 0:00.0 | Just a heads up before we get started, this is a fast-moving story, and we're taping |
| 0:04.9 | on Thursday afternoon. |
| 0:05.9 | All right, here's the show. |
| 0:09.6 | I'll start with an easy question. |
| 0:14.2 | Tell me who you are and what you do. |
| 0:16.3 | I'm the Tishpahwa. |
| 0:17.6 | I'm an associate business and tech writer here at Slate.com, and today I am here at the |
| 0:26.4 | Southern District of New York, covering the Sam Bakman-Freed Trial. |
| 0:32.2 | Like so many others, Nautish is there covering the trial of Sam Bakman-Freed, one of the |
| 0:36.4 | biggest cases of financial fraud ever committed. |
| 0:40.0 | The trial kicked off this week in downtown Manhattan, right where that other big civil |
| 0:44.8 | trial was happening. |
| 0:46.8 | According to Nautish, it was a circus. |
| 0:48.8 | There's a party ton of cameras set up. |
| 0:51.6 | There's a ton of police barricades and cops standing around with a civil trial of a |
| 0:57.3 | Trump going on, like extra precautions all around. |
| 1:00.8 | We've got like one guy already coming out here with a sign with some great anti-Semitic |
| 1:06.4 | slogans regarding SPF. |
| 1:09.2 | So it's a little weird, but it's very bustling over here. |
| 1:14.0 | People are definitely aware that there's some big stuff going on. |
| 1:19.7 | SPF had been on a very public PR campaign slash self-justification tour until a few months |
| 1:25.2 | ago when he was sent to jail by a judge frustrated with his pre-trial shenanigans. |
... |
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