4.8 • 689 Ratings
🗓️ 18 October 2023
⏱️ 10 minutes
🧾️ Download transcript
Sam Bankman-Fried's defense strategy in his trial is coming into focus as his legal team seeks to reframe the narrative around his actions at FTX. The defense aims to raise reasonable doubt by challenging key witnesses' testimonies and sowing doubt in their credibility, but faces hurdles in piecing together a cohesive story as the prosecution's case remains strong.
Link to story: SBF Trial: For Once, Bankman-Fried's Lawyer Lands a Punch
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0:53.4 | 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. |
1:06.7 | 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. |
1:16.2 | All three of Sam Bankman-Fried's Inner Circle members have now testified against the FTX founder, and all three have presented similarly on the witness stand. |
1:25.4 | Clearly rehearsed, adamant that the FTCS founder was in charge, |
1:29.0 | and careful not to stray too far from their well-practiced narratives. They were confident when |
1:33.6 | responding to prosecutors, but were less polished when confronted by the defense. Each of the |
1:39.0 | insiders have pleaded guilty to their own charges, complicating the case for Bankman Freed, but also for their own |
1:44.6 | credibility. Staying in prosecutors' good graces could help them secure a lighter sentence. Two of them, |
1:51.3 | Nishad Singh and Gary Wang, testified that they hoped to get zero prison time. At the heart of |
1:57.3 | prosecutor's case against Bankman Freried is a straightforward sequence of events. |
2:01.5 | He took customers' money even after promising not to, then lost it all. |
2:06.0 | It's a tight story, and Bankman-Freed's defense attorneys have struggled to weave together |
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