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It’s week five of the Sam Bankman-Fried trial and a lot has happened for the former FTX CEO.
He testified in front of jurors, for numerous days, after holding a testimony hearing without them present.
While we would have preferred to know more about what happened from the man behind the madness, he offered little context, especially when asked about his previous decisions and actions during cross-examination with prosecutors. He altogether said nothing, and yet everything in his testimony, all at the same time (TC+). Bankman-Fried said “Yes” 372 times, “I’m not sure” 117 times and “I don’t remember” 73 times, for context.
Now, his verdict is in the hands of 12 jurors, who will determine whether Bankman-Fried is guilty of seven counts related to fraud and money laundering.
That said, our crypto coverage was included in the SBF test last week, so let’s get into it.
SBF test
- SBF prosecutors emphasize that the case is not about cryptocurrencies: “It’s about lies.” It’s about theft, about greed.’ (TC+)
- The prosecution tries to present Sam Bankman-Fried as a liar (TC+)
- SBF defense makes a last 35-minute effort to show its goodwill (TC+)
- Sam Bankman-Fried says he did not defraud FTX customers or take their funds (TC+)
The last pod
For this week episode, Jacquelyn joins TechCrunch+ editor-in-chief Alex Guillermo to discuss the end of the trial of Sam Bankman-Fried, former CEO of FTX, who faces seven charges related to fraud and money laundering.
They talked about:
- SBF’s testimony
- The prosecution’s final arguments
- The defense’s final arguments
- Key points of the case
- What’s next for the trial?
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follow the money
- Modulus raised $6.3 million seed round to bring ai technology to dApps
- Blockchain tools and infrastructure startup Kana Labs raised $2 million in seed round
- Surf Protocol raised $3 million to create a perpetual decentralized exchange on Coinbase’s Base blockchain
- Blockchain transaction tracking platform Vaas raised $2 million in pre-seed round
- Anapaya Systems raises $2 million from Mysten Labs to build web3 infrastructure
This list was compiled with information from Messari as well as TechCrunch’s own reporting.
What else are we writing?
Do you want to leave the world of web3? Here are some articles on TechCrunch that caught our attention this week.
- A new generation of companies advances in San Francisco
- For VCs and founders, building publicly is about filling the top of the funnel (TC+)
- Founders: It’s never too early to start succession planning (TC+)
- Don’t be surprised if WeWork files for bankruptcy (TC+)
- Southeast Asia funding at lowest level in six years
follow me on twitter @Jacqmelinek for breaking news on cryptocurrencies, memes and more.
