SBF Just Testified (!) | Web3 Daily

TL;DR

• Sam Bankman-Fried is taking the stand in courtroom as we write this (we anticipated to start out subsequent week on the earliest).

• Each the protection and prosecution are taking their candy time with questioning – each have spent the higher a part of two hours cross inspecting SBF, and never an entire lot has been stated or revealed.

Full Story

Woah! Okay, that was quick.

Sam Bankman-Fried is taking the stand in courtroom as we write this (we anticipated to start out subsequent week on the earliest).

We’ll get you updated on all the things we have discovered thus far, however we’ll begin by saying this:

First, the jury just isn’t within the room. The decide despatched them residence for some motive.

Second, each the protection and prosecution are taking their candy time with questioning – each have spent the higher a part of two hours cross inspecting SBF, and never an entire lot has been stated or revealed.

If we needed to wager, we might wager that this testimony goes to go on for a very good minute.

Okay, this is the gist of what is been mentioned thus far:

The primary focus thus far has been on Sign, the messaging app that Sam and different FTX workers used, which allowed for messages to be auto-deleted, and the place the app suits in to FTX’s knowledge retention coverage.

Principally, the prosecution is attempting to say:

“You used an auto-deleting messaging app to cowl your tracks – though you knew full effectively it went in opposition to your organization’s knowledge retention coverage.”

To which Sam is responding, one thing to the impact of:

“The coverage was kinda obscure – it did not have guidelines about Sign particularly – simply e mail.”

There you may have it – the web whole of two hours of cross examination.

Let’s hope tomorrow yields extra outcomes.