TL; DR
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As we write this, Sam Bankman-Fried is taking the stand in court (we expected to start next week at the earliest).
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Both the defense and the prosecution take their time with the questioning; both spent the better part of two hours being cross-examined by the SBF, and not a whole lot was said or revealed.
Full story
Wow! Okay, that was fast.
As we write this, Sam Bankman-Fried is taking the stand in court (we expected to start next week at the earliest).
We’ll keep you posted on everything we’ve learned so far, but we’ll start by saying this:
First of all, the jury is not in the room. The judge sent them home for some reason.
Second, both the defense and the prosecution take their time in questioning; both have spent the better part of two hours being cross-examined by the SBF, and not much has been said or revealed.
If we had to bet, we’d bet this testimony will last another whole minute.
Okay, here’s the gist of what’s been discussed so far:
The main focus so far has been on Signal, the messaging app that Sam and other FTX employees used, which allowed messages to be automatically deleted, and where the app fits into FTX’s data retention policies.
In short, the prosecutor is trying to say:
“You used an auto-delete messaging app to cover your tracks, even though you knew full well that this violated your company’s data retention policy.”
To which Sam responds, something along the lines of:
“The policy was quite vague. There were no specific rules about Signal, just email.”
There you have it: the net total of two hours of cross-examination.
Let’s hope tomorrow brings more results.
