TL; DR
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The SBF hearing should end Thursday or Friday, after which the jury will begin deliberations.
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Prosecutors raised the fact that Alameda Research could essentially borrow FTX customer funds without being forced to pay them back. Sam’s always tried to imply he had no idea… but now he’s under oath.
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When asked to confirm or deny his knowledge of Alameda’s access to FTX client funds, Sam responded, “I’m not denying it, no.”
Full story
A new day, a new set of questions for Sam Bankman-Fried!
Here are our three key takeaways from Monday’s cross-examination:
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The hearing should end Thursday or Friday, after which the jury will begin deliberating.
(Ah, time flies when you’re watching one of the biggest alleged financial frauds of all time at trial!)
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The accuser brought up how Sam dressed, suggesting that his undressed appearance was a curious move.
That feels like an attempt to send a subliminal message to the jury:
“This guy lied about everything, it was all an act… right down to the clothes he wore.”
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Phew, this is a big one!
Prosecutors raised the fact that Alameda Research could essentially borrow FTX customer funds without being forced to pay them back.
(Sam has always tried to imply he had no idea…but now he’s under oath).
When asked to confirm or deny his knowledge of Alameda’s access to FTX client funds, Sam responded:
“I’m not denying it, no.”