SBF TRIAL Podcast 10/26: Sam Bankman-Fried Will Testify In His Own Criminal Trial Today
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 October 2023
⏱️ 7 minutes
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Summary
Sam Bankman-Fried is expected to testify in his criminal trial today, but his prior statements in media interviews contradict the testimony given by other witnesses under oath. It remains uncertain how he will explain his role in the alleged misconduct, and the trial will likely hinge on his testimony.
Link to story: Sam Bankman-Fried May Testify to Role of Lawyers, 'Good Faith' Efforts, Filing Says
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Transcript
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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 |
| 1:11.2 | Regulation Team and voiced by Wondercraft AI. You've likely already heard the news. Sam Bankman-Fried |
| 1:19.4 | is going to testify in his own criminal trial, probably later today. But what's he going to say? |
| 1:24.9 | We really have no idea. He's said so much, or is it so little, already? |
| 1:30.0 | In the month between FTX's collapse and his arrest in the Bahamas, Sam spun a story for the |
| 1:35.7 | cameras of the world. In his telling, the crypto exchange's early November meltdown wasn't because |
| 1:41.3 | it had illegally loaned billions of dollars of customer deposits to his hedge fund |
| 1:45.4 | Alameda, or maybe it was. But if it was, he sort of didn't know about it. Here's generally what he said. |
| 1:52.3 | In 2022, the crypto market imploded. Alameda took a hit. It definitely had some FTX customer money, |
| 1:59.5 | a bunch of which it was allowed to have, and then |
| 2:01.8 | a whole bunch of money disappeared. |
... |
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