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UNCHAINED: Here’s How Sam Bankman-Fried’s High-Stakes Trial Could Play Out

CoinDesk Podcast Network

CoinDesk

Business News, News, Daily News, Tech News

4.7698 Ratings

🗓️ 29 September 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

Nik De, CoinDesk's managing editor for global policy and regulation, discusses the importance of jury selection in the trial and how many years Sam Bankman-Fried may face if found guilty. The trial of Sam Bankman-Fried, the founder and former CEO of bankrupt cryptocurrency exchange FTX, is set to begin on October 3. The 31-year-old is accused of committing wire fraud and conspiracy to commit other types of fraud, in relation to the dramatic collapse of his crypto empire last year, which led to billions in losses. Nik De, CoinDesk's managing editor for global policy and regulation, discusses the importance of jury selection, the potential testimony of key witnesses, and how many years Bankman-Fried may face if he is found guilty. Show highlights: Why SBF's lawyers keep requesting the FTX founder be released Why the jury selection is so important and how long it could take Why the DOJ opposed the proposed questions for the jury  Why the Judge agreed with the DOJ in blocking some of the witnesses proposed by the defense team How the defense team may try to discredit some of the proposed witnesses Whether the argument of SBF receiving “poor legal advice” holds any ground What role the political donations made by SBF may play in the trial How many years SBF could face if he were to be found guilty Thank you to our sponsors! Crypto.com  |  Arbitrum Foundation  |  Hedera  |   Toku Guest |  Nik De, CoinDesk's managing editor for global policy and regulation Previous appearances on Unchained: How SEC Chair Gary Gensler's Views on Crypto Have Changed Since His MIT Days Why the Ooki DAO Case Could Hurt Participation in DAOs Links Previous coverage from Unchained on Sam Bankman-Fried and FTX: Why FTX Might Try to Claw Back Funds From Retail Customers The Chopping Block: Was FTX a Scam From the Very Beginning?  How Much Prison Time Is FTX’s Sam Bankman-Fried Facing?  Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn’t Liquidate Alameda When It Was Underwater  Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC SBF’s defense team motions: Judge Denies Sam Bankman-Fried’s Request for Temporary Release U.S. Department of Justice Opposes Sam Bankman-Fried's Latest Move for 'Temporary Release' Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge Rules Judge Blocks Sam Bankman-Fried's Proposed Witnesses From Testifying Key witnesses: SBF’s Expert Witnesses Barred From Testifying at Trial Who is Caroline Ellison, a key witness set to testify against Sam Bankman-Fried? All of Sam Bankman-Fried's Proposed Expert Witnesses Should Be Barred From Testifying: DOJ Sam Bankman-Fried is being sent to jail after a judge revoked his bail over alleged witness tampering Jury selection: Sam Bankman-Fried Can Ask DOJ Witnesses About Drug Use Sam Bankman-Fried’s political donations can be surfaced in trial, rules judge Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.  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

Thanks for listening to Unchained, your no-hype resource for all things crypto on the CoinDesk

0:05.2

Podcast Network. You can also listen to the episodes on the Unchained feed earlier if you subscribe

0:10.9

there. Plus, check out all our content on our website, Unchained Crypto.com. Even though each of these

0:18.0

charges, if you look at the DOJ, press release says, oh, it contains a maximum sentence of 20 years or five years or whatever, it's not going to be consecutive.

0:26.5

It'll be concurrent.

0:27.4

So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is it'll probably be somewhere in the 10 to 20 year range.

0:37.5

Hi, everyone. Welcome to Unchained.

0:39.8

You're no-hype resource for all things crypto.

0:42.1

I'm your host, Laura Shin, author of The Cryptopians.

0:45.8

I started covering crypto eight years ago, and as a senior editor at Forbes,

0:49.2

was the first Mainstream meter porter to cover cryptocurrency full-time.

0:52.7

This is the September 29th, 2023 episode of Unchained.

0:56.3

Thinking of launching your own stablecoin, start with the open source stablecoin studio toolkit on Hedara.

1:02.4

Start your journey at Hedera.com slash unchained.

1:05.9

Shape tomorrow today.

1:07.8

With the crypto.com app, you can buy, trade, and spend crypto in one place.

1:12.7

Download and get $25 with the code Laura.

1:15.8

Link in the description.

1:18.3

Arbitrum's leading layer two scaling solution offers you ultra-cheap and lightning-fast transactions,

1:23.7

all with security rooted on Ethereum.

1:26.2

Visit Arbitrim.io today.

1:28.3

Toku makes implementing global token compensation and incentive awards simple.

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