SBF Just Testified (!) | Web3 Daily

TL;DR

• Sam Bankman-Fried is taking the stand in court as we write this (we expected to start next week at the earliest).

• Both the defense and prosecution are taking their sweet time with questioning – both have spent the better part of two hours cross examining SBF, and not a whole lot has been said or revealed.

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Woah! Ok, that was fast.

Sam Bankman-Fried is taking the stand in court as we write this (we expected to start next week at the earliest).

We’ll get you up to date on everything we’ve learned so far, but we’ll start by saying this:

First, the jury is not in the room. The judge sent them home for some reason.

Second, both the defense and prosecution are taking their sweet time with questioning – both have spent the better part of two hours cross examining SBF, and not a whole lot has been said or revealed.

If we had to bet, we’d wager that this testimony is going to go on for a good minute.

Ok, 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 for messages to be auto-deleted, and where the app fits in to FTX’s data retention policy.

Basically, the prosecution is trying to say:

“You used an auto-deleting messaging app to cover your tracks – even though you knew full well it went against your company’s data retention policy.”

To which Sam is responding, something to the effect of:

“The policy was kinda vague – it didn’t have rules about Signal specifically – just email.”

There you have it – the net total of two hours of cross examination.

Let’s hope tomorrow yields more results.