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It’s week five of the Sam Bankman-Fried trial and a lot has happened for the former FTX CEO.
He testified before the jury, for several days, after holding a hearing in their absence.
While we would have preferred to know more about what happened from the man behind the madness himself, he gave little context, especially when asked about his past decisions and actions during cross-examination with prosecutors. All in all, he said pretty much nothing, and yet, everything in his testimony, all at the same time (TC+). Bankman-Fried said “Yes” 372 times, “I’m not sure” 117 times and “I don’t remember” 73 times, for context.
Now his verdict is in the hands of 12 jurors, who will determine whether Bankman-Fried is guilty of seven counts related to fraud and money laundering.
With that said, our cryptocurrency coverage was all-in on the SBF test last week, so let’s get down to business.
SBF test
- SBF prosecutors emphasize that the case is not about encryption: “It is about lies. This is theft, greed.’ (TC+)
- Prosecutors try to brand Sam Bankman-Fried as a liar (TC+)
- SBF defense makes one last 35-minute effort to show goodwill (TC+)
- Sam Bankman-Fried Says He Didn’t Cheat FTX Customers or Take Their Money (TC+)
The last pod
For this week episode, Jacqueline features TechCrunch+ Editor in Chief Alex Wilhelm to discuss the end of the trial for Sam Bankman-Fried, former CEO of FTX, who faces seven counts related to fraud and money laundering.
They talked about:
- The testimony of the SBF
- The closing words of the prosecution
- The final arguments of the defense
- Key points in the case
- What’s next for the trial
Sign up to Chain reaction on Apple Podcasts, Spotify or your favorite pod platform to catch up on the latest episodes and leave us a review if you like what you hear!
Follow the money
- Modulus Raises $6.3M Seed Round to Bring AI to dApps
- Blockchain infrastructure and tools startup Kana Labs has raised $2 million in a first round
- Surf Protocol has raised $3 million to build a sustainable decentralized exchange on Coinbase’s Base blockchain
- Blockchain transaction tracking platform Vaas has raised $2 million in a pre-seed round
- Anapaya Systems raises $2 million from Mysten Labs to build web3 infrastructure
This list was compiled with information from Messari as well as reports from TechCrunch itself.
What else are we writing?
Want to escape the web3 world? Here are some TechCrunch articles that caught our attention this week.
- A new generation of companies is moving forward in San Francisco
- For VCs and founders, audience building is all about filling the top of the funnel (TC+)
- Founders: It’s Never Too Early to Start Planning Your Succession (TC+)
- Don’t be surprised if WeWork files for bankruptcy (TC+)
- Southeast Asian funding at lowest level in six years
Follow me on twitter @Jacqmelinek for crypto news, memes and more.
