Every morning last week, I’ve gotten up at an uncomfortable hour, trekked over to the federal courthouse in lower Manhattan and watched the U.S. Department of Justice’s case against Sam Bankman-Fried begin. Here’s what’s happened so far.
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‘Did you commit crimes?’
The narrative
It’s been less than a week since the federal government’s trial against FTX’s Sam Bankman-Fried began, but we’ve already heard from an FTX co-founder, a former developer, a customer and an investor.
Why it matters
The trial continues!
Breaking it down
Over the first three days of the actual trial (day one was just dedicated to jury selection) we’ve heard opening arguments and testimony from four people: FTX customer Marc-Antoine Julliard, former FTX developer Adam Yedidia, Paradigm co-founder Matt Huang and FTX co-founder Gary Wong.
Each of these witnesses brought their own unique story of how they were harmed by FTX (and by proxy, Bankman-Fried, per the DOJ) and the exchange’s collapse. Here’s a list of key revelations we’ve heard.
Reminder: You can read all of our ongoing coverage at CoinDesk, and get daily updates on the trial through our SBF Trial newsletter.
Stories you may have missed
This week
Tuesday
Elsewhere:
If you’ve got thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me at [email protected] or find me on Twitter @nikhileshde.
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See ya’ll next week!
