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The Journal.

The Trial of Crypto’s Golden Boy: Things Sam Is Testifying About

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.25.8K Ratings

🗓️ 28 October 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

With the jury in attendance, Sam Bankman-Fried took the stand to testify in his defense. Rachel Humphreys and Caitlin Ostroff break down where his story of the FTX collapse has differed from the testimony of his former colleagues Caroline Ellison and Nishad Singh. Further Reading: - What’s Happening Today at the Sam Bankman-Fried Trial Further Listening: - The Trial of Crypto’s Golden Boy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's the end of the week, Friday. It was a short two-day week, but actually very long.

0:12.5

It still feels very long, in part because the press corps has not slept the last two days.

0:17.4

Yeah, the reporters have been relentless, and today was the second day that Sam Bankman

0:21.6

freed took the stand in his own defence. But really, it felt like the first day, didn't

0:27.0

it? Yeah, because at least to the jury, it was. We had the sort of drive-on with parts

0:32.2

of his testimony yesterday, but the jury had gotten sent home. And so this was the first

0:37.4

full day of having Bankman freed on this stand. And so we saw a lot more people show up

0:43.0

today much earlier. Yeah. And I didn't even get inside the courtroom today, Kate. And I

0:48.7

was in the overflow room with many other people and reporters staring at a TV screen with

0:54.0

the feed from the courtroom. So I could get only a sort of rather overexposed camera

0:59.4

review of Bankman freed. What was your impression being in there today? Yeah, so Bankman

1:05.3

freed was pretty calm and collected. There were some moments where you kind of tell that

1:09.1

he was shaking his leg, his whole body seemed to go up and down a little bit. But by and

1:13.3

large, he seemed pretty comfortable, he was relaxed, smiling. He tried joking a couple

1:17.9

of times to the jury with his kind of dry humor. And he, by and large, told a very different

1:24.4

story, won that contradict it what we've heard from his former colleagues. But the real

1:29.7

test will come next week when prosecutors get their chance to grill Bankman freed, but

1:34.7

this time in front of the jury. From the journal, this is the trial of Crippido's

1:42.7

Gordon Boy. I'm Kate on Astrath. And I'm Rachel Humphries. Coming up, Sam Bankman

1:51.9

Freen tells his side of the story.

2:06.9

With the written under the radar genre, a proper out there podcast. Sometimes it's better

2:12.2

when you get weird, especially when it comes to switching up your soft drink, introducing

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