Sam Bankman-Fried testifies he known as ‘one of the crucial’ pictures at FTX

3:59 p.m. ET, October 30, 2023

SBF’s solutions stay ambiguous

FTX founder Sam Bankman-Fried is puzzled all the way through his fraud trial over the cave in of the bankrupt cryptocurrency change, at federal court docket in New York Town nowadays.

Jane Rosenberg/Reuters

Assistant US Lawyer Danielle Sassoon’s pointed cross-examination persisted after a spoil for lunch, within the type of brief rapid-fire questions on what Bankman-Fried knew as the pinnacle of FTX as opposed to what he mentioned publicly to journalists and to contributors of Congress. 

Sassoon moved briefly from subject to subject, in quest of to poke holes in testimony SBF presented underneath wondering from his legal professionals. 

Sassoon: “You known as the pictures as CEO, didn’t you?”

SBF: “I known as a few of them.” 

Sassoon: “You suppose you’re a lovely good man?”

SBF: “In some ways, now not all tactics.” 

Armed with a litany of paperwork and audio clips from previous interviews Bankman-Fried gave to the media, Sassoon sought as an instance that FTX’s sister corporate Alameda Analysis was once now not topic to the similar buying and selling regulations as different accounts at the FTX platform, and that Bankman-Fried concealed that privilege from the general public. 

Bankman-Fried has in large part presented imprecise responses, regularly declaring that he does now not recall conversations or statements he made prior to now. Pass judgement on Lewis Kaplan has no less than two times interjected to instruct Bankman-Fried to easily resolution sure or no and forestall seeking to infer Sassoon’s intentions.

“Sir, do you take into account pronouncing that during phrases or in substance?” Kaplan requested the defendant. 

After a pause, SBF responded: “Referring to a few explicit issues and time classes, sure.” 

Author: OpenAI