SBF’s trial is coming to a detailed – right here’s what you missed

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It’s week 5 of the Sam Bankman-Fried trial and loads has occurred for the previous CEO of FTX.

He testified in entrance of jurors, for quite a few days, after doing a listening to testimony with out them current.

Whereas we might have most popular to be taught extra about what transpired from the person behind the insanity himself, he provided little context, particularly when requested about his prior selections and actions throughout cross-examination with prosecutors. In complete, he stated a complete lot of nothing, and but, all the things in his testimony, all on the similar time (TC+). Bankman-Fried stated “Yup” 372 occasions, “Undecided” 117 occasions and “I don’t keep in mind” 73 occasions, for context.

Now, his verdict lies within the fingers of 12 jurors, who will decide whether or not Bankman-Fried is responsible of seven expenses associated to fraud and cash laundering.

With that stated, our crypto protection was all-in on SBF’s trial this previous week, so let’s get into it.

SBF trial

1. SBF’s prosecutors emphasize the case shouldn’t be about crypto: ‘It’s about lies. It’s about stealing, greed.’ (TC+)
2. Prosecution tries to color Sam Bankman-Fried as a liar (TC+)
3. SBF’s protection places forth a 35-minute last-ditch effort to indicate his goodwill (TC+)
4. Sam Bankman-Fried says he didn’t defraud FTX clients or take their funds (TC+)

The most recent pod

For this week’s episode, Jacquelyn is joined by starcrypto+ Editor in Chief Alex Wilhelm to debate the top of the trial for Sam Bankman-Fried, former CEO of FTX, who’s going through seven expenses associated to fraud and cash laundering.

They talked about:

• SBF’s testimony
• The prosecution’s closing arguments
• The protection’s closing arguments
• Key factors within the case
• What’s subsequent for the trial

Subscribe to Chain Response on Apple Podcasts, Spotify or your favourite pod platform to maintain up with the most recent episodes, and please depart us a evaluation should you like what you hear!

Comply with the cash

1. Modulus raised a $6.3 million seed spherical to carry AI know-how to dApps
2. Blockchain infrastructure and tooling startup Kana Labs raised $2 million in a seed spherical
3. Surf Protocol raised $3 million to create a perpetual decentralized alternate on Coinbase’s Base blockchain
4. Blockchain transaction monitoring platform Vaas raised $2 million in a pre-seed spherical
5. Anapaya Techniques raises $2 million from Mysten Labs to construct web3 infrastructure

This checklist was compiled with info from Messari in addition to starcrypto’s personal reporting.

What else we’re writing

Wish to department out from the world of web3? Listed below are some articles on starcrypto that caught our consideration this week.

1. A brand new era of corporations is transferring on up in San Francisco
2. For VCs and founders, constructing in public is about filling the highest of the funnel (TC+)
3. Founders: It’s by no means too early to start out planning to your succession (TC+)
4. Don’t be shocked if WeWork information for chapter (TC+)
5. Southeast Asia funding at its lowest degree in six years

Comply with me on Twitter @Jacqmelinek for breaking crypto information, memes and extra.