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CoinDesk Podcast Network

SBF TRIAL PODCAST: 09/20 Update

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 20 September 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

A closer look at the infamous balance sheet that toppled the $34 billion empire of FTX in just nine days. 


Link to the story: Sam Bankman-Fried’s Empire Was Crushed by This Infamous Balance Sheet.

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Credits: Nikhilesh De and Wondercraft AI Voice

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9

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0:53.5

Welcome to the SBF trial, a CoinDesk Podcast Network newsletter bringing you daily insights from inside the courtroom where Sam Bankman-Fried will try to stay out of prison.

1:06.3

Follow the CoinDesk podcast network to get the audio each morning with content from the Coin Desk Regulation Team

1:11.8

and voiced by Wondercraft AI. As we gear up for Sam Bankman-Fried's day in court, it seems

1:19.6

prudent to step back and unpack what happened in late 2022 that got us here today. It is one of the

1:25.9

most consequential documents in financial history,

1:29.1

given that it caused the collapse of a $32 billion empire in just nine days. And now to a highly

1:35.4

anticipated criminal trial. It is the infamous balance sheet of Sam Bankman-Freed's trading firm,

1:41.0

Alameda Research. Its explosive content served as the basis for a

1:45.9

November 2nd, 2022, story by Coindesks Ian Allison. The article raised questions about how sturdy

1:52.7

the company's financial underpinnings were, and by extension, how safe Bankman

1:57.8

Freed's better-known crypto exchange, FTX was. It turns out not at all.

2:02.8

For the protection of our sources, we are not publishing the document itself, but rather

...

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