TL;DR
Sam Bankman-Fried is taking the stand in court docket as we write this (we anticipated to start out subsequent week on the earliest).
Each the protection and prosecution are taking their candy time with questioning – each have spent the higher a part of two hours cross inspecting SBF, and never an entire lot has been stated or revealed.
Full Story
Woah! Okay, that was quick.
Sam Bankman-Fried is taking the stand in court docket as we write this (we anticipated to start out subsequent week on the earliest).
We’ll get you updated on all the pieces we have realized up to now, however we’ll begin by saying this:
First, the jury shouldn’t be within the room. The decide despatched them residence for some cause.
Second, each the protection and prosecution are taking their candy time with questioning – each have spent the higher a part of two hours cross inspecting SBF, and never an entire lot has been stated or revealed.
If we needed to wager, we might wager that this testimony goes to go on for a superb minute.
Okay, here is the gist of what is been mentioned up to now:
The primary focus up to now has been on Sign, the messaging app that Sam and different FTX workers used, which allowed for messages to be auto-deleted, and the place the app matches in to FTX’s information retention coverage.
Mainly, the prosecution is attempting to say:
“You used an auto-deleting messaging app to cowl your tracks – despite the fact that you knew full effectively it went towards your organization’s information retention coverage.”
To which Sam is responding, one thing to the impact of:
“The coverage was kinda imprecise – it did not have guidelines about Sign particularly – simply e-mail.”
There you might have it – the online complete of two hours of cross examination.
Let’s hope tomorrow yields extra outcomes.
