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It’s week 5 of the Sam Bankman-Fried trial and a lot has occurred for the previous CEO of FTX.
He testified in entrance of jurors, for quite a few days, after doing a listening to testimony with out them current.
While we’d have most well-liked to study extra about what transpired from the person behind the insanity himself, he supplied little context, particularly when requested about his prior selections and actions throughout cross-examination with prosecutors. In whole, he stated a entire lot of nothing, and but, the whole lot in his testimony, all on the similar time (TC+). Bankman-Fried stated “Yup” 372 occasions, “Not sure” 117 occasions and “I don’t remember” 73 occasions, for context.
Now his verdict lies within the palms of 12 jurors, who will decide whether or not Bankman-Fried is responsible of seven prices associated to fraud and cash laundering.
With that stated, our crypto protection was all-in on SBF’s trial this previous week, so let’s get into it.
SBF trial
- SBF’s prosecutors emphasize the case is not about crypto: ‘It’s about lies. It’s about stealing, greed.’ (TC+)
- Prosecution tries to paint Sam Bankman-Fried as a liar (TC+)
- SBF’s protection places forth a 35-minute last-ditch effort to present his goodwill (TC+)
- Sam Bankman-Fried says he didn’t defraud FTX clients or take their funds (TC+)
The newest pod
For this week’s episode, Jacquelyn is joined by Ztoog+ Editor in Chief Alex Wilhelm to talk about the tip of the trial for Sam Bankman-Fried, former CEO of FTX, who is dealing with seven prices associated to fraud and cash laundering.
They talked about:
- SBF’s testimony
- The prosecution’s closing arguments
- The protection’s closing arguments
- Key factors within the case
- What’s subsequent for the trial
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Follow the cash
- Modulus raised a $6.3 million seed spherical to deliver AI expertise to dApps
- Blockchain infrastructure and tooling startup Kana Labs raised $2 million in a seed spherical
- Surf Protocol raised $3 million to create a perpetual decentralized alternate on Coinbase’s Base blockchain
- Blockchain transaction monitoring platform Vaas raised $2 million in a pre-seed spherical
- Anapaya Systems raises $2 million from Mysten Labs to construct web3 infrastructure
This checklist was compiled with data from Messari in addition to Ztoog’s personal reporting.
What else we’re writing
Want to department out from the world of web3? Here are some articles on Ztoog that caught our consideration this week.
- A brand new technology of corporations is shifting on up in San Francisco
- For VCs and founders, constructing in public is about filling the highest of the funnel (TC+)
- Founders: It’s by no means too early to begin planning in your succession (TC+)
- Don’t be shocked if WeWork recordsdata for chapter (TC+)
- Southeast Asia funding at its lowest stage in six years
Follow me on Twitter @Jacqmelinek for breaking crypto information, memes and extra.