SBF Just Testified (!) | Web3 Daily

TL;DR

Sam Bankman-Fried is taking the stand in court docket as we write this (we anticipated to begin 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 analyzing SBF, and never a complete lot has been mentioned or revealed.

Full Story

Woah! Okay, that was quick.

Sam Bankman-Fried is taking the stand in court docket as we write this (we anticipated to begin subsequent week on the earliest).

We’ll get you updated on every little thing we have discovered thus far, however we’ll begin by saying this:

First, the jury will not be within the room. The choose despatched them residence for some purpose.

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

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

Okay, here 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 matches in to FTX’s knowledge retention coverage.

Principally, the prosecution is making an attempt 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 imprecise – it did not have guidelines about Sign particularly – simply e-mail.”

There you’ve gotten it – the online whole of two hours of cross examination.

Let’s hope tomorrow yields extra outcomes.