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CoinDesk Podcast Network

SBF TRIAL PODCAST: 09/29 Update

CoinDesk Podcast Network

CoinDesk

Business News, News, Daily News, Tech News

4.7698 Ratings

🗓️ 29 September 2023

⏱️ 4 minutes

🧾️ Download transcript

Summary

A glimpse into SBF’s mental health struggles and an update on his third request to be released from jail for the trial.  Link to story: Sam Bankman-Fried Almost Tweeted About His Depression, Drafts Show Sign up for The SBF Trial Newsletter Credits: Sam Kessler, 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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0:00.0

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.

0:16.6

Follow the Coin Desk podcast network to get the audio each morning with content from the Coin Desk Regulation Team and voiced by Wondercraft AI.

0:26.0

In a rare display of candor, or as part of a calculated exercise in reputation management, Sam Bankman-Fried delved deep into his mental health struggles in a trove of unposted tweets obtained by Coin Desk's

0:38.2

Christine Lee and published for the first time on Friday.

0:41.7

I don't really know what happiness means, he said in one of the tweets, which he wrote just

0:45.8

weeks after his crypto empire blew up last year as he was facing down a tidal wave of public

0:51.0

scorn. The tweets published by CoinDesk strike a similar tone to those

0:55.4

obtained earlier this month by the New York Times. In both cases, it's difficult to discern whether

1:00.5

Bankman-Freed's musings provide an authentic glimpse into the beleaguered crypto-founders' psyche,

1:05.9

or whether his mental health battles and personal anecdotes have been played up for sympathy.

1:11.4

On this front, it's impossible to fairly speculate, though it seems likely that Bankman

1:16.4

Freed's mental health struggles could play a role in his defense. Also this week, Judge Lewis

1:21.6

Kaplan, who is overseeing Bankman Fried's trial, struck down a request from the FTX founders'

1:26.7

lawyers asking that he be temporarily released from prison. Bankman Freed's trial, struck down a request from the FTCS founder's lawyers asking that he be temporarily

1:28.6

released from prison. Bankman Freed has been held in Brooklyn's Metropolitan Detention Center since his

1:34.1

bail was revoked in July, and his lawyers argued for the third time on Thursday that this has made

1:39.6

it difficult for them to prepare for trial. With Bankman FriedFried's trial set to begin next week, the argument

1:45.7

from his lawyers this time around was that Bankman-Freed would need time to strategize during his

1:50.1

trial. Previously, they'd asked he be granted release ahead of time. Kaplan again denied the

1:56.1

motion arguing the FTX founder has had ample opportunity to review the evidence and prep his defense over the

2:01.7

past several months. Kaplan did make some concessions, however, ordering the Department of Prisons

2:07.1

to ensure Bankman-Fried be delivered to court at a brisk 7 a.m. on most days of the trial,

...

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