The crypto CEO finally testified—sort of. It was very tedious.
Assistant U.S. Attorney Danielle Sassoon, seen from behind a lectern, interrogates Sam Bankman-Fried on the witness stand in a courtroom sketch fromto get our latest updates on the trial and the state of the tech industry—and the rest of the day’s top stories—and support our work when you. The trial was resuming after a weeklong recess, the prosecution was planning to introduce its last witnesses and rest its case, the defense was set to unveil its grand plan, and Sam Bankman-Fried himself was.
What happened Thursday? The court did get back to business, and the prosecution did rest its case, bringing on just one final witness—Marc Troiano, an FBI special agent specializing in corporate commodities and securities fraud. Traiano went over his retrieval of damning,from Gary Wang’s laptop and Caroline Ellison’s phone. This was mostly to show that this evidence had been obtained in a sound manner.Now, the defense’s turn.
You know, when I was a kid, I worked in my father’s deli, and if he gave me the assignment to go add up the column that showed how many pounds of smoked fish we sold last month, and I gave him a number, it means pastrami is not included, neither is cole slaw, or macaroni salad. We can keep on going through everything in the deli. But we’re not taking the time to do that.The conclusion: Stop asking the poor witness about what his analysis is missing and get on with it.
Did you discuss your Signal use, your auto-deletion policy, and your transmission of business documents like balance-sheet drafts over the platform, even though your own policy seems to say you weren’t supposed to do that?What did you know about Alameda’s North Dimension account, and when? Who approved the transfer of customer funds? What was the formal arrangement?What did you understand from the FTX terms of service in all its incarnations? What did they say about safeguarding customer...
Kaplan clarified that “I am not saying anything about your client’s guilt or innocence,” but the message seemed pretty clear. Anyway, this is why we don’t have a firm clue about what’s going to happen on Friday. Stay
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