Did Sam Bankman-Fried Have Intent to Defraud FTX Investors? - Ep. 553

Published: Oct. 6, 2023, 11 a.m.

b'The blockbuster trial of Sam Bankman-Fried wrapped up its third day, with multiple witnesses, including former FTX software developer Adam Yedidia, Paradigm co-founder Matt Huang, and FTX cofounder Gary Wang, taking the witness stand. Joshua Ashley Klayman, Senior Counsel, U.S. Head of FinTech and Head of Blockchain & Digital Assets at Linklaters, discusses the main takeaways from the trial so far, the surprising testimonies given by former close associates of SBF, and how the prosecution and defense plan to paint a picture of who SBF is to the jury.\\n\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\\nShow highlights:\\n\\nWhat Josh\'s biggest takeaways from the trial are so far\\n\\nWhy Josh felt that the jury had \\u201ca lot to take in\\u201d in order to understand the basics of the case\\n\\nWhether the different backgrounds of the jury will affect the outcome of the trial\\n\\nWhy the prosecution is arguing that regardless of the technical aspects of the case, the key issue is fraud\\n\\nHow the defense plans to argue that SBF did not intend to defraud investors\\n\\nWhy the selection of the first witness, a former FTX customer, is an "interesting" choice, according to Josh\\n\\nWhat is the fiat@ftx.com account and how it contributed to FTX\\u2019s undoing\\n\\nHow they discovered the $8 billion hole in the FTX balance sheet and SBF\'s reaction at the time\\n\\nWhat an email revealed about the lack of corporate governance in FTX and Alameda\\n\\nThank you to our sponsors!\\n\\nCrypto.com\\n\\nHedera\\n\\nPopcorn Network\\n\\nGuest\\n\\n\\nJoshua Ashley Klayman, Senior Counsel, U.S. Head of FinTech and Head of Blockchain & Digital Assets at Linklaters\\n\\nPrevious appearances on Unchained:\\n\\nGary Gensler vs. Crypto: What Will the SEC Attack Next?\\n\\nHow Crypto And Blockchain Technology Should Be Regulated\\n\\nLinks\\n\\nPrevious coverage by Unchained on the trial of Sam Bankman-Fried:\\n\\nSBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF\\u2019s Family\\n\\nSBF Trial, Day 2: DOJ Says Sam Bankman-Fried \\u2018Lied\\u2019 While Defense Claims His Actions Were \\u2018Reasonable\\u2019\\n\\nHere\\u2019s How Sam Bankman-Fried\\u2019s High-Stakes Trial Could Play Out\\n\\nSBF Trial: How Sam Bankman-Fried\\u2019s Lawyers Might Try and Win His Case\\n\\nThe High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect\\n\\nIn the SBF Case, Elite Corruption Is What\\u2019s Really on Trial\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'