The FTX founder appeared antsy on the stand as he told his side of the story.
Judge Lewis Kaplan said he couldn’t rule on whether elements of the testimony would be admissible without first hearing it himself, effectively turning Thursday’s proceedings into a practice run. It was an unusual decision. Kaplan, who has served on the bench for nearly three decades, said he hadn’t had a hearing “of this nature in quite a long time,” or perhaps ever. The unexpected rehearsal may have served Bankman-Fried well, giving him the chance to refine his performance with reduced stakes.
Sassoon referred to the missing memo as the “supposed document” and asked Bankman-Fried to explain when it would be appropriate to delete corporate records. Sassoon brought up testimony from earlier in the trial alleging that Caroline Ellison, the former head of Alameda , sent him multiple versions of company balance sheets on Signal, and a separate instance in which he and other executives discussed a multibillion-dollar hole in FTX’s customer deposits. That conversation gets to the core of prosecutors’ case: that Bankman-Fried improperly took those deposits and used them to pay off debts and fund investments.
On Thursday, Bankman-Fried defended his proclivity for deleting materials, saying the habit traced to his days working at Jane Street Capital, a trading firm in New York, where he learned the so-called “,” he said, potentially causing embarrassment, even if leaked materials had been taken out of context.told The Daily Beast
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SBF Finally Testifies in Court With No Jurors PresentThe world heard SBF testify today, but the jury will hear it tomorrow.
Read more »
SBF could take the stand on Thursday as prosecutors pass baton to defenseSam Bankman-Fried (aka SBF), founder of defunct cryptocurrency exchange FTX, might take the stand on Thursday as his defense team readies its case aga
Read more »
Grab Some Popcorn, Because SBF Is Gonna Testify at His Own TrialScience and Technology News and Videos
Read more »
SBF lawyers want help from FBI agents as they seek to shift narrative in courtThe defense of former FTX CEO Sam Bankman-Fried wants help from the FBI agents who interviewed Gary Wang and Nishad Singh.
Read more »
SBF TRIAL Podcast 10/25: Sam Bankman-Fried's Defense May Depend on Character and Fact WitnessesListen to the latest SBF trial updates by the CoinDesk Podcast Network.
Read more »
SBF’s attorneys want to quiz him about FTX’s lawyers to demonstrate ‘good faith’Sam Bankman-Fried’s attorneys want to ask him about the involvement of lawyers in FTX’s operations as part of his testimony, a Wednesday filing showed.
Read more »