br00t4c, to random
@br00t4c@mastodon.social avatar

Sam Bankman-Fried testifies, says he "skimmed over" FTX terms of service

#sambankmanfried #sbf

https://arstechnica.com/?p=1979088

xerophile, (edited ) to random
@xerophile@union.place avatar

Sam Bankman-Fried is going to talk himself right into jail - The Verge

“Defense lawyer Mark Cohen did his best. Unfortunately for him, the cross-examination was conducted by Sassoon, who looks like someone who uses ‘summer’ as a verb, and often appears deceptively timid, with her hands held close to her chest. In her cross, she simply unhinged her jaw and ate Bankman-Fried.”

https://www.theverge.com/2023/10/26/23934195/sam-bankman-fried-self-testimony-deleted-signal

Fparianen, to random German
@Fparianen@mastodon.social avatar

"Aber niemand fährt mehr Fahrrad wenn's regnet"

Leute in Flensburg:

Radfahrer radelt durch Oberschenkelhohes Wasser

Monty,

@Fparianen
Ich bin mir da gerade nicht sicher, gelten die Lichtzeichenanlagen in so einem Fall auch für Kanuten oder muss man seinen mitführen?

br00t4c, to random
@br00t4c@mastodon.social avatar
jackhutton, to random
@jackhutton@mstdn.social avatar

‘Oof’: Sam Bankman-Fried’s Trial Reveals Inside Details of How FTX Died
Prosecutors in the criminal fraud case have built the most intricate account to date of the cryptocurrency exchange’s frantic final days. https://www.nytimes.com/2023/10/20/technology/sam-bankman-fried-trial-ftx-collapse.html?smid=nytcore-ios-share&referringSource=articleShare

t3n, to finanzen German
@t3n@t3n.social avatar

Einblick in die FTX-Bücher: Hier landete das Geld der Kunden

Geld, mit dem Kund:innen in Kryptos investierten, soll die bankrotte Kryptobörse FTX anderweitig weiterverwendet haben. Wohin es floss, erklärte ein Professor für Rechnungswesen vor Gericht.
👉 👀
https://t3n.de/news/ftx-sam-bankman-fried-prozess-kundengelder-1583443/?utm_source=mastodon&utm_medium=referral

br00t4c, to random
@br00t4c@mastodon.social avatar

SBF Made $9 Billion Disappear. This Forensic Accountant Found It

#accountant #sbf

https://gizmodo.com/sbf-made-billions-disappear-forensic-accountant-found-1850942819

stux, to random
@stux@mstdn.social avatar

I'm trying to follow the / trails and it seems almost everyone has turned against Sam :blobcatgiggle:

It's such a big mess, unbelievable! Some billions lost here, some billions donated there and FTX used software like Quickbooks for their finance

Decentralize, to random
@Decentralize@dt.gl avatar
Decentralize, to random
@Decentralize@dt.gl avatar

The Evidence Sam Bankman-Fried's Lawyers Didn't Want Us to See - Decrypt https://decrypt.co/202023/evidence-sam-bankman-fried-lawyers-didnt-want-us-to-see

Decentralize, to random
@Decentralize@dt.gl avatar

In the ongoing trial, Nishad Singh's testimony reveals his haziness on key conversations, providing a potential breakthrough for Bankman-Fried's defense.

Defense attorney Mark Cohen questions Singh's memory of events and challenges his assertions about luxury living and Alameda's borrowing practices.

Singh's cross-examination is expected to continue for several hours, with law enforcement official Richard Busick set to testify afterward.

molly0xfff, to random
@molly0xfff@hachyderm.io avatar

Also introduced as an exhibit yesterday: the document in which Sam Bankman-Fried recaps a dinner party hosted by super-networker Michael Kives (with Michael Lewis tagging along, btw), to whom SBF paid $200MM, and wanted to give $1B for VC

https://mollywhite.net/storage/sbf-trial/GX-42.pdf

molly0xfff,
@molly0xfff@hachyderm.io avatar

According to Lewis, Chris Rock, Kate Hudson, Jerry Jones (Dallas Cowboys owner), Stan Kroenke (LA Rams owner) and at least two other Kardashians were also there.

molly0xfff,
@molly0xfff@hachyderm.io avatar
ellie,

@molly0xfff I cannot tell whether anything involving is real or a weird ass-parody. So many layers of wtf.

molly0xfff, to random
@molly0xfff@hachyderm.io avatar

Conversation in the "donations processing" signal chat reveals that Sam Bankman-Fried donated $1 million to Beto O'Rourke, then went back on it. They discussed pressuring the campaign into returning $900k, and pretending the donation was an error to "minimize PR issues for all"

molly0xfff,
@molly0xfff@hachyderm.io avatar

They also spoke about making "dark" donations to political candidates, such as Senator Patty Murray (D-WA)

SBF at one point said that he made public donations to Dems and dark donations to Repubs for optics reasons, but it looks like the dark donations were cross-party

image/png

molly0xfff,
@molly0xfff@hachyderm.io avatar

Kind of incredible to see Keenan Lantz (executive director of Guarding Against Pandemics) talking about encouraging people to talk to him about campaign finance rules and offering access to his compliance people in a chat where they were blatantly flouting these rules

molly0xfff,
@molly0xfff@hachyderm.io avatar

In a conversation with GAP's Michael Sadowsky about giving to a LGBTQ fund, Nishad Singh said he was generally "averse to ~explicitly-woke stuff".

MS: "No one trusted at FTX is bi/gay, right?"
NS: "shoot, unfortunately not"

In the same chat, they describe GAP routing donations through Nishad Singh because Rep. Becca Ballint (D-VT) had publicly denounced superPACs

br00t4c, to random
@br00t4c@mastodon.social avatar
Decentralize, to random
@Decentralize@dt.gl avatar
Decentralize, to random
@Decentralize@dt.gl avatar

Caroline Ellison’s testimony in case was strong, but was it credible? https://www.dlnews.com/articles/people-culture/caroline-ellison-sbf-testimony-strong-but-was-it-credible/

br00t4c, to random
@br00t4c@mastodon.social avatar
br00t4c, to random
@br00t4c@mastodon.social avatar

Prosecutors Played a Stunning Recording at the SBF Trial. It Sure Sounded Bad for Him!

https://slate.com/technology/2023/10/sam-bankman-fried-trial-recording-caroline-ellison-alameda.html

Decentralize, to random
@Decentralize@dt.gl avatar
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