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(00:00) INTRO: "Me at the zoo“ - Erstes YouTube-Video - Jawed Karim | (01:29) 20 Jahre YouTube - DER ANFANG - Chad Hurley - Oğuz Yılmaz | (11:24) DIE PROFESSIONALISIERUNG - Christoph Krachten | (20:53) GLOBAL - Südafrika: Khaya - China: Marc van der Chijs, Gary Wang, ZengYinYan - Brasilien: Marcoseij - Eleni Klotsikas | (35:19) DIE KRITIK - Markus Beckedahl | (46:42) BONUS: Das Phänomen Y-Titty - Anja Goerz - Philipp Laude - Matthias "TC" Roll | (56:56) BONUS: 20 JAHRE YOUTUBE - Andreas Briese | (1:08:29) BONUS: YouTube-freie Zone OutBack - Eleni Klotsikas || Jörg Wagner
Gary Wang shares where he's been, why we took a break in Designing Austin, and welcomes you to Season 2. He discusses the nine things every aspiring architect should know about the profession. If you are in high school or college, you won't want to miss the beginning of season 2! WANG ARCHITECTS: https://www.wangarchitects.com/ VISIT https://www.designingaustinpodcast.com/ INSTA https://www.instagram.com/designingaustin/ Music Credit: Jon Guerra
Send us a textThis episode has a number of past guests rejoining the podcast to discuss the 2024 Ultraman World Championships. First up are two of the four people who were inducted into the Ultraman Hall of Fame at this year's Thanksgiving breakfast. Gary Wang, who is a 20 time consecutive UMWC finisher, and Steve King (the voice of Ultraman).I also check in with the two winners of the event. The men's champion, Juan Bautista Castilla Arroyo, AKA Ultra Chamba, and the overall/women's champion, Jen Annett.Contact Chamba at his website : https://ultrachamba.esFacebook: UltraChambaTriInstagram : UltraChambaReach out to Jen at her website. #RaceToughInstagram : annett_jenResources mentioned in this episode:Ultraman World ChampionshipsUltraman Hall of FameWestern StatesHurt 100Ultraman CanadaUM AustraliaUltraman WalesUltraman Floridarealendurance.comBC Athletics Hall of FameTriathlon BC Hall of FameCascade CrestKOA Spain 515Shout outs and mentions in this episode:Bo and Jamie PardauSteve King (S1E1) (S1E2) (S1E3)Gary Wang (S2E6)Sheryl Cobb (S3E11)Tom PriceRat PackJen Annett (S6E9)Ellis AndrewsDave WilsonWendy MinorPhil Macon Jackie HofmannLauren FifthianSherri CarneyJane Bockus (S1E4)Kurt Madden (S5E3)Ardis BowMarty RaymondTony O'Keefe (S6E6)Jochen "Joe" DembeckMiro KregarPeter MuellerAlexandre RibeiroJean KingTracey PrestonTara NortonJason AnnettNixon AnnettKate Bevilaqua (S5E10)Antonina ReznikovAmy Van TasselAmy Robataille (S3E5)Michelle Vesterby (S5E12)Dede Greisbauer (S3E13) AA Girard Rosa Daniella & NoahPeter BeauchampShellie BestShow Contributors:Host : Larry RyanContributing Raconteur : Steve KingAnnouncer : Mary Jo DionneProduction : 5Five EnterprisesMusic : Run by 331For show notes and past guests, please visit the Podcast Website: https://515theultrapodcast.buzzsprout.comFacebook: https://www.facebook.com/515TheUltraPodcastInsta : 515theuSupport the show
In this week's episode, we discuss Bill Hwang's sentencing, Gautam Adani is charged with fraud and FTX's co-founder Gary Wang miraculously avoids prison time! Thanks to Seeking Alpha for sponsoring this episode! Get $50 OFF when you sign up for a limited time: https://seekingalpha.me/younginvestors Now available on YouTube, Apple Podcast, Spotify & most other platforms! Spotify: https://open.spotify.com/show/2caCydo... Apple: https://podcasts.apple.com/au/podcast... ★ ★ OUR CHANNELS ★ ★ Hamish: https://www.youtube.com/hamishhodder Brandon: https://www.youtube.com/channel/UCvSX... ★ ★ FOLLOW US ★ ★ Instagram (Hamish) ► hamishhodderofficial Instagram (Brandon)► new.money.official Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative #1305795 of Guideway Financial Services Pty Ltd, AFSL #420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's FSG available from guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.
Matt and Nic return for another week in the markets. In this episode: How is the DOGE going to work? Bitcoin is heading to 100k Gary Gensler announces his resignation as SEC chair We look back at Gensler's awful term 18 state AGs file a lawsuit against the SEC The SEC's dealer rule is tossed by a judge Trump is mulling the creation of a crypto czar Microstrategy is trading at a massive premium The latest on OCP 2.0 FDIC Gruenberg chair testifies in the House and potentially perjures himself FTX cofounder Gary Wang given no time in prison Coinbase is delisting wBTC Trump nominates Lutnick for Commerce Secretary Bitcoin Options launch on IBIT Shaq settles a lawsuit for his NFT touting Solana ETFs are filed Goldman is spinning out their digital assets platform We unveil our first nocoiner draft picks We reflect on Bitcoin's progress after 10 years in the industry Sponsor notes: Coin Metrics, A Data-Driven Update on Stablecoins: Analyzing growth in stablecoin supply, trading volumes, on-chain usage, and yield generation.
Host Christine Lee breaks down the latest news in the crypto industry from Trump's crypto plan to Gary Wang's sentence.Bitcoin rally continues as the largest crypto by market cap surged above $98,000 heading into the U.S. morning Thursday. This comes as MicroStrategy and other companies holding corporate bitcoin treasuries soar and president-elect Trump reportedly talks with the crypto industry about a new White House post dedicated to crypto policy. Plus, former FTX executive Gary Wang was spared prison time by a judge. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.-This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
De cryptomarkt blijft positief gestemd, met Bitcoin die opnieuw indruk maakt. De koers noteert rond de 97.000 dollar, mede dankzij een sterke Aziatische handelssessie. Ethereum blijft daarentegen achter. Hoewel de koers rond de 3120 dollar ligt, is het sentiment opvallend negatief. Dit contrasteert sterk met eerdere marktsituaties waarin Ethereum bij deze koers een veel lager geprijsde Bitcoin tegenover zich had. Een belangrijke factor voor de Bitcoin-stijging is de start van optiehandel rond BlackRock's populaire beleggingsfonds. De eerste handelsdag was direct goed voor een volume van 2 miljard dollar, met beleggers die vier keer vaker inzetten op een stijging dan op een daling. Dit duidt op een optimistische markt. In de VS krijgt crypto mogelijk een belangrijke plek in de regering. Donald Trump, die werkt aan zijn nieuwe kabinet, kiest opvallend veel Bitcoin-enthousiastelingen. Robert F. Kennedy Jr., Howard Lutnick, Pete Hegseth, Tulsi Gabbard en JD Vance staan op cruciale posten. Lutnick, de nieuwe minister van Economische Zaken, krijgt een sleutelrol in het vormgeven van crypto-regelgeving. Trump overweegt zelfs een 'Crypto Tsaar' in het Witte Huis aan te stellen. Daarnaast lijkt SEC-voorzitter Gary Gensler zijn aftreden voor te bereiden, en wordt Teresa Goody Guillen genoemd als zijn mogelijke opvolger. Zij zou de Amerikaanse cryptosector toegankelijker willen maken. Bij FTX is er eveneens nieuws. Gary Wang, voormalig CTO van de omgevallen exchange, ontloopt een gevangenisstraf dankzij zijn samenwerking met justitie. Hij speelde een cruciale rol in de zaak tegen oprichter Sam Bankman-Fried, die tot 24 jaar cel werd veroordeeld. Toch blijft het FTX-verhaal voortduren. CEO John Ray III heeft Binance aangeklaagd voor fraude vlak voor de ineenstorting, en slachtoffers wachten nog steeds op compensatie. Hoewel ze 119% van hun verloren dollars terugkrijgen, hadden velen waarschijnlijk liever hun cryptovaluta zelf teruggezien, zeker met de huidige marktsituatie. Deze week in de Cryptocast Een gesprek met Hein Tibosch, van Flow Traders. Marketmakers op de beurs en in de Cryptowereld. Heel snel handelen op de beurs zodat jij altijd soepel kan kopen en verkopen, en zij geld verdienen. Maar wat komt er allemaal kijken bij marketmaking in de cryptowereld? Mogelijke SEC-opvolger in beeld Opties maken succesvol debuut Gary Wang blijft uit de bak Met Daniël Mol bespreken we elke week de stand van de cryptomarkt. Luister live donderdagochtend rond 8:50 in De Ochtendspits, of wanneer je wilt via bnr.nl/podcast/cryptocast See omnystudio.com/listener for privacy information.
**The Fall of FTX: A Tale of Deception and Betrayal**The collapse of FTX, once a cryptocurrency powerhouse, has left a trail of financial devastation and shattered trust in the industry. At the heart of this saga is Sam Bankman-Fried, the charismatic founder who orchestrated a massive scheme that saw billions of dollars siphoned from investors and customers. His downfall is a story of deception, betrayal, and the consequences of unchecked ambition.Gary Wang, FTX's former Chief Technology Officer, has emerged as a key witness in the trial against Bankman-Fried. Wang, who has pleaded guilty to wire, securities, and commodities fraud, has testified that he and Bankman-Fried allowed Alameda Research, their sister hedge fund, to withdraw unlimited funds from FTX. This arrangement, which included a $65 billion line of credit, was designed to keep Alameda afloat despite its financial woes. However, it came at the expense of FTX customers, whose funds were used without their knowledge or consent.Bankman-Fried's defense team has argued that these actions were necessary to keep FTX operational during a tumultuous period in the cryptocurrency market. However, prosecutors have painted a picture of deliberate deception and theft. Bankman-Fried allegedly used customer funds to finance his lavish lifestyle in the Bahamas and to make significant political contributions aimed at influencing cryptocurrency regulation.The trial has highlighted the close relationship between Bankman-Fried and his inner circle. Wang, who was once a close friend and MIT fraternity brother, has described how he trusted Bankman-Fried's judgment despite the questionable practices. Caroline Ellison, Alameda's former CEO and Bankman-Fried's ex-girlfriend, is also expected to testify against him.In the end, Bankman-Fried's actions caught up with him. He was found guilty on all seven criminal charges, including wire fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering. The jury's swift four-hour deliberation and unanimous verdict delivered a stark message: accountability in the financial world is paramount.Gary Wang's cooperation with prosecutors has been crucial in securing his own leniency. He has asked the judge for no prison time, citing his role as a key witness and his relative lack of culpability compared to Bankman-Fried. The outcome of Wang's sentencing remains uncertain, but one thing is
In today's fast-paced technology landscape, innovation and leadership go hand-in-hand, driving businesses forward in a competitive market. In a recent episode of *Anchoring Hope*, David Mansilla sat down with Gary Wang, Chief Technology Officer (CTO) at DMI, a global consulting and IT services company. Gary shares his inspiring journey from being a system engineer to becoming a respected leader, as well as the lessons he has learned along the way about leadership, technology, and growth.Here's more about Gary Wang:Gary Wang is the Chief Technology Officer (CTO) at DMI, a global consulting and IT services company. With over two decades of experience in the technology industry, Gary has held leadership roles in major corporations like Lockheed Martin, IBM, and Unisys. His expertise spans across digital transformation, cloud security, AI, machine learning, and cybersecurity. As a visionary leader, Gary is responsible for driving innovation, developing cutting-edge solutions, and delivering transformational technology services to both public and commercial sectors. His journey from system engineer to CTO showcases his deep technical expertise and passion for empowering teams to explore new technologies while aligning them with business goals.
Sam Bankman-Fried, the former CEO of FTX, has been at the center of one of the most significant financial scandals in recent history. His trial, which concluded in November 2023, resulted in a guilty verdict on seven charges of fraud and conspiracy. Bankman-Fried was subsequently sentenced to 25 years in federal prison on March 28, 2024, for his role in stealing $8 billion from FTX customers.The collapse of FTX in November 2022 exposed a complex web of deceit and mismanagement. Bankman-Fried, known for his charismatic persona and innovative approach to cryptocurrency, had built a reputation as a pioneer in the industry. However, behind the scenes, he allegedly orchestrated a scheme to use customer deposits to fund his own lavish lifestyle and risky investments through Alameda Research, a crypto hedge fund.During the trial, Bankman-Fried's defense team argued that he was not aware of the extent of the fraud and that other executives, particularly Caroline Ellison, were responsible for the mismanagement of Alameda. However, the prosecution painted a picture of Bankman-Fried as a greedy con man who knowingly misled investors and customers.The trial also highlighted the role of other executives who cooperated with federal prosecutors. For instance, Caroline Ellison, Alameda's CEO, and Gary Wang, another key executive, testified against Bankman-Fried. Their testimonies provided crucial evidence of the scheme, which included using customer funds for real estate, celebrity endorsements, and political contributions.Bankman-Fried's appeal, filed in September 2024, argues that he was the victim of a rush to judgment and that the trial was marred by procedural errors. His lawyers claim that the judge hurried the jury into reaching a verdict and that the media and public had already presumed his guilt before the trial even began.Despite his conviction and sentencing, the case against Bankman-Fried continues to unfold. The legacy of FTX serves as a cautionary tale about the dangers of unchecked power and greed in the financial sector. As the cryptocurrency industry continues to evolve, it is clear that transparency and accountability will be essential in preventing similar scandals in the future.
Sam Bankman-Fried, the former CEO of FTX, has been at the center of a high-profile trial for his alleged role in a massive cryptocurrency fraud. The prosecution has painted a stark picture of Bankman-Fried as a mastermind of deceit, likening his actions to a "pyramid of deceit" built on lies and false promises.Prosecutor Nicolas Roos argued that Bankman-Fried used FTX customer deposits as his personal bank account, spending billions on real estate, donations, promotions, investments, and political contributions. Roos emphasized that Bankman-Fried's testimony was riddled with contradictions, as he claimed ignorance about the misuse of customer funds despite evidence from former executives and financial documents.Bankman-Fried's defense team, led by Mark Cohen, countered that the prosecution was unfairly portraying their client as a villain. Cohen argued that Bankman-Fried acted in good faith and did not intend to defraud anyone. He criticized the prosecution for displaying unflattering images of Bankman-Fried's casual appearance and lifestyle, suggesting these were irrelevant to the case.The trial has highlighted the vulnerabilities of the cryptocurrency industry and the risks associated with unregulated financial systems. Former executives of FTX, including Caroline Ellison and Gary Wang, testified against Bankman-Fried, detailing how he directed them to siphon billions from customer accounts. These testimonies were crucial in building the prosecution's case against him.Bankman-Fried's arrest in December 2022 marked the beginning of a tumultuous period. Extradited from the Bahamas, he was initially released on a $250 million bond but was later jailed in August for attempting to influence trial witnesses.The jury's verdict, which found Bankman-Fried guilty of defrauding customers and investors of at least $10 billion, underscores the severity of his actions. The case serves as a cautionary tale about the dangers of unchecked ambition and the importance of robust regulation in emerging industries like cryptocurrency.As the legal proceedings conclude, the legacy of Sam Bankman-Fried remains one of deception and betrayal, leaving behind a trail of financial devastation and shattered trust.
Gary Wang, senior consulting actuary for Pinnacle Actuarial Resources, said that the issue of fairness is a very common social discussion that's taking place across a wide spectrum of industries, and insurance is part of that.
This Day in Legal History: Bill of Rights Sent to US States for RatificationOn September 25, 1789, the United States Congress sent twelve proposed constitutional amendments to the state legislatures for ratification. These amendments were designed to safeguard individual liberties and limit the power of the federal government, addressing concerns raised during the ratification of the Constitution. By 1791, ten of the amendments were ratified, becoming the Bill of Rights. The Bill of Rights includes fundamental protections, such as freedom of speech, religion, and the press, the right to a fair trial, and protection against unreasonable searches and seizures.Notably, two of the twelve proposed amendments were not immediately ratified. One related to Congressional representation and never received the necessary support from the states. The other, concerning Congressional pay, lay dormant for over two centuries before finally being ratified in 1992, becoming the 27th Amendment. This long-delayed ratification demonstrated the lasting nature of the constitutional amendment process. The Bill of Rights has since served as a cornerstone of American democracy, influencing both U.S. law and constitutional frameworks worldwide.A Houston bankruptcy court has approved the sale of assets from Alex Jones' Infowars media platform, marking a significant step in liquidating Jones' estate. U.S. Bankruptcy Judge Christopher M. Lopez authorized Chapter 7 trustee Christopher R. Murray to employ a sales broker and begin auctioning the assets of Free Speech Systems LLC, Infowars' parent company. This liquidation aims to help Jones pay $1.5 billion in defamation judgments from lawsuits related to his false claims about the 2012 Sandy Hook shooting. The auction will primarily focus on Infowars' intellectual property, including domain names, trademarks, and social media accounts, with bidding set to end on Nov. 8 and an auction on Nov. 13. Murray may later include Jones' personal intellectual property in the sale. The bankruptcy court previously converted Jones' personal Chapter 11 case into a Chapter 7 liquidation, enabling the victims' families to pursue their claims. Disputes remain over how funds from the sale will be distributed to creditors.Alex Jones' Infowars IP Heads to Auction After Judge ApprovalA new medical report by neurosurgeon Aaron Filler has concluded that 97-year-old Federal Circuit Judge Pauline Newman is "fully capable" of performing her judicial duties. Released by Newman's lawyers, the report follows her suspension by the court's Judicial Council after she refused a neurological exam with an independent doctor. Filler, a physician and attorney, used advanced brain scans and cited objective data to support his findings, dismissing concerns over subjective interpretation. Filler also compared Newman's current verbal and analytical abilities with his prior interactions with her during legal cases in 2019 and 2022. This report counters previous exams that raised questions about the independence of Newman's physicians, as her colleagues suggested potential conflicts of interest. Newman's legal team has consistently defended her health and capacity, and this latest report is a key piece in their efforts to overturn her suspension. The Judicial Committee has not yet commented on the new findings.Judge Newman Fully Capable to Serve, New Physician Report SaysA lawsuit filed in the U.S. District Court for the Central District of California claims that law firm Dentons assisted vape distributor Next Level Holdings in sabotaging vape manufacturer Avid Holdings. The complaint alleges that Dentons, through its offices in Salt Lake City and Shanghai, helped orchestrate a scheme to take control of Avid's assets, cut out its founder, and drain its resources. As part of this plan, Avid claims that Dentons hacked into the laptop of its founder, citing Google Drive logs linking the firm's IP address to the breach. Next Level allegedly used the stolen information to mislead judges in prior legal disputes with Avid. Dentons has not yet commented on the lawsuit. Avid's attorney, Colin Hagan, declined to provide further remarks. The lawsuit follows Dentons' recent severing of ties with its Chinese affiliate, Dacheng Law Offices.Dentons Assisted Laptop Hack, Vape Manufacturer Lawsuit ClaimsCaroline Ellison, former CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, was sentenced to two years in prison for her involvement in the $8 billion fraud linked to FTX's collapse. Despite her cooperation with prosecutors, U.S. District Judge Lewis Kaplan emphasized that remorse and cooperation shouldn't serve as a "get out of jail free card" in such a serious case. Ellison had pleaded guilty to seven counts of fraud and conspiracy, which could have carried a sentence of up to 110 years. Her testimony was pivotal in securing Bankman-Fried's conviction, as she revealed that he directed her to misappropriate customer funds. While the prosecution acknowledged her critical role in convicting Bankman-Fried, who is serving 25 years, the judge still deemed her "gravely culpable" in the fraud. Ellison expressed deep regret for her actions and will begin serving her sentence in November. Other FTX executives who cooperated, Nishad Singh and Gary Wang, are scheduled for sentencing later in 2024.Bankman-Fried's ex-girlfriend Ellison gets two-year sentence over FTX fraud | ReutersA federal judge has ruled that a New York City law requiring food delivery companies to share customer data with restaurants is unconstitutional. U.S. District Judge Analisa Torres sided with DoorDash, Grubhub, and Uber Eats, determining that the law violated the First Amendment by improperly regulating commercial speech. The law, enacted in 2021 to support restaurants recovering from the pandemic, required delivery services to share customer names, addresses, emails, phone numbers, and order details with restaurants. The companies argued that this violated customer privacy and data security and hurt their business by allowing restaurants to use the data for marketing purposes. The judge found the city had less invasive ways to help restaurants, such as letting customers opt to share their data or offering incentives. While DoorDash welcomed the ruling, restaurant industry representatives criticized it, arguing it harms small businesses, and urged the city to appeal.Judge declares NYC law on sharing food delivery customers' data unconstitutional | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
This Day in Legal History: Judiciary Act of 1789On September 24, 1789, Congress passed the Judiciary Act of 1789, laying the foundation for the federal judiciary as we know it today. This landmark legislation established a three-tiered court system, consisting of district courts, circuit courts, and the U.S. Supreme Court at its pinnacle. The Act also created the position of Attorney General to represent the federal government in legal matters. One of its most critical provisions was the authorization of six justices for the Supreme Court, marking the Court's formal establishment.The Judiciary Act granted the Supreme Court the authority to hear appeals from state courts, ensuring the supremacy of federal law. Additionally, it gave lower federal courts jurisdiction over specific types of cases, including those involving the Constitution, federal laws, and treaties. Perhaps most famously, the Act's Section 25 allowed the Supreme Court to review decisions of state courts when federal issues were at stake, further centralizing federal judicial power.This Act played a pivotal role in shaping the balance of powers between the federal government and the states. It ensured that federal laws would have a uniform interpretation across the country. While it has been amended many times, the Judiciary Act of 1789 remains a cornerstone of U.S. legal history, establishing the basic framework for the judicial branch.In 2021, Eric Adams promised to reform New York City's flawed property tax system, which many blame for exacerbating housing inequality. The current system results in tax disparities, with upscale Manhattan properties often taxed at lower rates than homes in the outer boroughs. Despite Adams' campaign pledges, his administration has yet to introduce significant reforms. Instead, it has fought a 2017 lawsuit filed by Tax Equity Now New York, which argues the system unfairly burdens minority communities and renters. The lawsuit was revived in 2023, and the court ruled that the city has the authority to address these tax inequalities. Adams, however, faces a political dilemma. Any changes would likely increase taxes for many homeowners, threatening key voting blocs. Property taxes are a critical revenue source, generating $32.7 billion in the last fiscal year. City officials prefer state-led reforms, but without a strong push from Adams, the state is unlikely to act. The ongoing lawsuit may force the city to respond more directly. The next court hearing is set for October 2024, where the city will be required to submit documents explaining its tax assessments.Eric Adams Fights Legal Challenge to NYC's ‘Unfair' Property TaxAnd on the subject of NYC and the need to focus on state-based reforms, in my column this week, I discuss New York City's retreat from a proposed partnership tax, emphasizing how it reveals the limitations local governments face in tax policy. Municipalities like New York operate under state control, making meaningful tax reform at the city level nearly impossible. Even when a city attempts to innovate, its tax policies must align with state rules, or risk legal and administrative challenges. In this case, New York City's plan to depart from the state's method of taxing partnership income posed significant compliance difficulties and potential capital flight. Ultimately, the city reverted to the state's tax model, acknowledging the practical benefits of consistency. This outcome reflects broader issues cities face: compliance costs, capital mobility, and state-imposed restrictions all limit local tax initiatives. In states like Wisconsin and Colorado, further limitations on local taxation exist through caps or voter approval requirements. The core message is clear: real tax reform must happen at the state level, as municipalities lack the autonomy to make meaningful changes on their own.NYC Partnership Tax Retreat Shows Change Must Come at State LevelThe U.S. Court of Appeals for the Tenth Circuit heard arguments in Garfield County v. Biden, a case challenging President Joe Biden's authority to restore the boundaries of the Grand Staircase-Escalante and Bears Ears national monuments. The plaintiffs, including Utah and Garfield County, argue that the monuments, covering over 3 million acres, violate the Antiquities Act by exceeding the “smallest area compatible” for preserving historical sites. The monuments, initially designated by Presidents Clinton and Obama, were reduced in size by President Trump before Biden reinstated them in 2021.The central question before the court is whether presidential actions under the Antiquities Act can be reviewed by courts. A lower court had dismissed the case, ruling that Biden's actions were not subject to judicial review. The Tenth Circuit must now decide if courts can assess the legality of these presidential designations.The case could set a precedent on whether future presidents can use the Antiquities Act to protect vast expanses of land, affecting federal land management and resource development. The lawsuit may ultimately reach the U.S. Supreme Court, where Chief Justice John Roberts has previously expressed interest in revisiting the scope of the Antiquities Act.Biden's National Monuments Power Set for Tenth Circuit ScrutinyCaroline Ellison, former CEO of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried, is set to be sentenced for her role in the $8 billion fraud linked to FTX's collapse. Ellison, who has pleaded guilty to seven counts of fraud and conspiracy, cooperated with prosecutors in Bankman-Fried's trial, where he was convicted and sentenced to 25 years in prison. Ellison's sentencing is expected to be more lenient, as her cooperation was deemed "extraordinary" by prosecutors, who highlighted her remorse.Ellison's cooperation involved meeting with prosecutors around 20 times to assist in building the case against Bankman-Fried, whom she testified had directed her to misuse FTX customer funds to cover losses at Alameda Research. Her testimony revealed she felt relief after the fraud was exposed, lifting a burden of lies. While Ellison could face up to 110 years in prison, her lawyers have argued for no jail time due to her extensive assistance. Two other FTX executives, Nishad Singh and Gary Wang, are also awaiting sentencing later this year.Bankman-Fried's ex-girlfriend Ellison to be sentenced over crypto fraud | ReutersTaft Stettinius & Hollister, a U.S. law firm with 925 attorneys, announced its merger with Denver-based Sherman & Howard, which has 125 lawyers across the Mountain West region. The merger, effective January 1, 2025, is part of a broader trend of law firm consolidations in 2024. This merger will bring the combined firms' projected revenue to $810 million. Taft has been expanding over the past 16 years, targeting high-growth markets like Denver and Phoenix. Sherman & Howard, facing challenges competing with larger firms, sought the merger to gain broader expertise and ensure long-term business viability. Several other law firm mergers have been announced in September, signaling increased consolidation in the legal industry.US law firm merger streak continues with Taft tie-up | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Thomas Braziel, managing partner at 117 Partners, dives into the draft FTX bankruptcy plan, which was praised for paying out at more than 100% in dollar terms, but has a number of intricacies that are drawing criticisms from creditors—including a group that is urging creditors to vote not. The episode delves into the nuances of the proposed payout, explaining how the estate was able to pay back more than 100% than the dollar value of the claims, why some creditors are being pitted against each other, and why it might get approved even “over the kicking and screaming” of some creditors. Braziel gives his insights into the the rapid formation of this plan, the controversial role of Sullivan and Cromwell, and the logistical challenges posed by what may end up being paper check payouts. Show highlights: Why the plan that was filed this week is such big news How it was never even possible for creditors to be made whole in crypto asset terms How the majority of depositors actually had stablecoins on the FTX platform Why there are “inter-creditor” disputes What a "cramdown" is and why it's significant in this case Criticisms of the plan, and why larger investors, especially with crypto holdings, are having their gains socialized Whether the FTX estate made mistakes by selling some of its positions before they 10x'ed Why FTX didn't reboot its platform What conflicts of interest might arise from law firm Sullivan and Cromwell The tax implications for creditors who are non-US taxpayers How the claims are going to be distributed Whether the creditors will favor the proposal and the next steps Thank you to our sponsors! iTrustCapital Polkadot VaultCraft Guest Thomas Braziel, Managing Partner at 117 Partners Previous appearances on Unchained: Why FTX Might Try to Claw Back Funds From Retail Customers Will FTX Reboot? Here's John Ray's Internal Deadline for Making a Decision Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In Will Celsius Survive the Bankruptcy Process? How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTX Links Previous coverage on Unchained of the FTX bankruptcy: Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers' Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Creditors plan: Unchained: 98% of FTX Creditors to Receive 118% Claims Payout Thomas' summary of the plan Dollarization: Unchained: Is it Fair That Crypto Bankruptcies Are Denominated in Dollars? Here's a Solution to Dollarization Criticism of the plan: Nicholas Hall's thread Sunil Kavuri's opinion on X Zach Guzman on the sale of Anthropic Taxes: Thomas' thread on the taxes for creditors Learn more about your ad choices. Visit megaphone.fm/adchoices
The draft FTX bankruptcy plan is being lauded for paying out more—in dollar terms—to creditors than expected. But it's at the cost of customers who hold the most valuable assets on the exchange.Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Thomas Braziel, managing partner at 117 Partners, dives into the draft FTX bankruptcy plan, which was praised for paying out at more than 100% in dollar terms, but has several intricacies that are drawing criticisms from creditors—including a group that is urging creditors to vote not. The episode delves into the nuances of the proposed payout, explaining how the estate was able to pay back more than 100% of the dollar value of the claims, why some creditors are being pitted against each other, and why it might get approved even “over the kicking and screaming” of some creditors. Braziel gives his insights into the rapid formation of this plan, the controversial role of Sullivan and Cromwell, and the logistical challenges posed by what may end up being paper check payouts. Show highlights:Why the plan that was filed this week is such big newsHow it was never even possible for creditors to be made whole in crypto asset termsHow the majority of depositors had stablecoins on the FTX platformWhy there are “inter-creditor” disputesWhat a "cramdown" is and why it's significant in this caseCriticisms of the plan, and why larger investors, especially with crypto holdings, are having their gains socializedWhether the FTX estate made mistakes by selling some of its positions before they 10x'edWhy FTX didn't reboot its platform What conflicts of interest might arise from law firm Sullivan and CromwellThe tax implications for creditors who are non-US taxpayersHow the claims are going to be distributedWhether the creditors will favor the proposal and the next steps Thank you to our sponsors! iTrustCapital | Polkadot | VaultCraftGuest |Thomas Braziel, Managing Partner at 117 PartnersPrevious appearances on Unchained:Why FTX Might Try to Claw Back Funds From Retail CustomersWill FTX Reboot? Here's John Ray's Internal Deadline for Making a DecisionWill FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh InWill Celsius Survive the Bankruptcy Process?How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTXLinks | Previous coverage on Unchained of the FTX bankruptcy:Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 BillionDid the Bahamian Government Direct SBF and Gary Wang to Hack FTX?The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers' AssetsThe Chopping Block: FTX: The Biggest Collapse in the History of Crypto?Creditors plan:Unchained: 98% of FTX Creditors to Receive 118% Claims PayoutThomas' summary of the planDollarization: Unchained: Is it Fair That Crypto Bankruptcies Are Denominated in Dollars? Here's a Solution to DollarizationCriticism of the plan:Nicholas Hall's thread Sunil Kavuri's opinion on XZach Guzman on the sale of AnthropicTaxes:Thomas' thread on the taxes for creditorsUnchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Get to learn more about the PTs and trainers you love!Featured in this episode:Dr. Gary Wang @dr.gary.dylanDr. Mona Tsutsui @mona.t.dptCoach Marlon Taduran @mtaduranHow to work with us:Learn about fitness services at Reload hereLearn about physical therapy services at Reload hereIG: @reload.ptDiggin' the intro/outro jam? Check out my friend, Joe Spinelli on SoundCloud!
A defense lawyer and a former prosecutor discuss what SBF's likely sentence will be, the defense's hope for an appeal, and whether the government will pursue the second trial.In this episode of Unchained, Laura does a detailed unpacking of the historic Sam Bankman-Fried trial and verdict with defense lawyer Sam Enzer and former Southern District of New York prosecutor Rich Cooper. They discuss what a thorough job the government did in presenting its case, whether the government will pursue a second trial on campaign finance charges, why it takes so long for sentencing to occur, what the differences between this case and the Bernie Madoff case are, and what Bankman-Fried's likely sentence will be. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights | How the cross-examination of SBF showed to the jury that he was unreliable, according to RichWhy the charge conference with the jury is important to the prosecution for “protecting the record”Why the closing argument of the prosecutors was so effective What “conscious avoidance” is and how the prosecutors tried to prove that SBF was guilty of thatWhy SBF's tweet last November that "FTX is fine" was the hardest part of the trial for the defense, according to EnzerWhy Enzer wasn't surprised by how quickly the jury made its decision What SBF's strongest argument is for an appealWhy Enzer "hopes" that there won't be a second trial against SBF and whether he will plead guilty to the additional chargesWhy the sentencing occurs so many months after the verdictHow this case is similar, but also different, from the Bernie Madoff caseHow many years SBF could spend in prison, according to Enzer and CooperWhen cooperating witnesses such as Caroline Ellison, Nishad Singh, and Gary Wang are likely to get sentencedThank you to our sponsors! Crypto.com | LayerZero | Popcorn NetworkGuests | Sam Enzer, partner at Cahill Gordon & Reindel.Previous appearances on Unchained: Why SBF's Testimony So Far Has Likely Already Doomed HimAnother Bad Week for Sam Bankman-Fried in His Criminal TrialWhy These Lawyers Say It's Over for SBF-But His Only Hail Mary Is to TestifySBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His CaseSBF's Lawyers Could Be Annoying the Judge. How Might That Impact the Trial?Rich Cooper, Former SDNY prosecutorLinks | Previous coverage by Unchained on the trial of Sam Bankman-Fried:How Heated Sidebars During the SBF Trial Could Impact the Jury's DecisionSBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's FamilySBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable'SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One FactSBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special PrivilegesSam Bankman-Fried Trial: Here's Everything That Happened So FarSBF Trial, Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison?SBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life'SBF Trial, Day 7: In SBF Trial, Did the Defense Lose Its Opportunity With the Star Witness?SBF Trial, Day 8: Former BlockFi CEO Adds Credibility to Fraud Charges SBF Trial, Day 9: Nishad Singh Describes Former FTX CEO as a Bully and Big SpenderSBF Trial, Day 10: Defense Struggles to Discredit Nishad Singh's TestimonySBF Trial, Day 11: How Alameda Got FTX Into a $9 Billion HoleSBF Trial, Day 12: Former FTX General Counsel Speaks Out Against SBFSBF Trial, Day 13: Before Judge, Former FTX CEO Sam Bankman-Fried Gives Few Straight AnswersSBF Trial, Day 14: Sam Bankman-Fried Casts Blame on Others for Key Decisions at FTXSBF Trial, Day 15: Prosecutors Hammer Bankman-Fried's Contradictions With Reams of EvidenceSBF Trial, Day 16: In Final Cross Examination, SBF Gets Caught Again by His Own WordsSBF Trial, Day 17: Closing Arguments Ask: ‘Villain or Good-Faith Actor?' SBF Trial, Day 18: Sam Bankman-Fried Found Guilty on All 7 Counts in Swift VerdictDid Sam Bankman-Fried Have Intent to Defraud FTX Investors?Katie Haun's thoughts on the sentencingProtos: Sam Bankman-Fried caught deleting more tweets that aged like milkUnchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this episode of Unchained, Laura does a detailed unpacking of the historic Sam Bankman-Fried trial and verdict with defense lawyer Sam Enzer and former Southern District of New York prosecutor Rich Cooper. They discuss what a thorough job the government did in presenting its case, whether the government will pursue a second trial on campaign finance charges, why it takes so long for sentencing to occur, what the differences between this case and the Bernie Madoff case are, and what Bankman-Fried's likely sentence will be. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: how the cross-examination of SBF showed to the jury that he was unreliable, according to Rich why the charge conference with the jury is important to the prosecution for “protecting the record” why the closing argument of the prosecutors was so effective what “conscious avoidance” is and how the prosecutors tried to prove that SBF was guilty of that why SBF's tweet last November that "FTX is fine" was the hardest part of the trial for the defense, according to Enzer why Enzer wasn't surprised by how quickly the jury made its decision what SBF's strongest argument is for an appeal why Enzer "hopes" that there won't be a second trial against SBF and whether he will plead guilty to the additional charges why the sentencing occurs so many months after the verdict how this case is similar, but also different, from the Bernie Madoff case how many years SBF could spend in prison, according to Enzer and Cooper when cooperating witnesses such as Caroline Ellison, Nishad Singh, and Gary Wang are likely to get sentenced Thank you to our sponsors! Crypto.com LayerZero Popcorn Network Guest: Sam Enzer, partner at Cahill Gordon & Reindel. Previous appearances on Unchained: Why SBF's Testimony So Far Has Likely Already Doomed Him Another Bad Week for Sam Bankman-Fried in His Criminal Trial Why These Lawyers Say It's Over for SBF-But His Only Hail Mary Is to Testify SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case SBF's Lawyers Could Be Annoying the Judge. How Might That Impact the Trial? Rich Cooper, Former SDNY prosecutor Links Previous coverage by Unchained on the trial of Sam Bankman-Fried: How Heated Sidebars During the SBF Trial Could Impact the Jury's Decision SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact SBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special Privileges Sam Bankman-Fried Trial: Here's Everything That Happened So Far SBF Trial, Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison? Visit www.unchainedcrypto.com for more! Learn more about your ad choices. Visit megaphone.fm/adchoices
What's up everybody! Welcome back to another episode of the What Are We Doing Podcast. I'm your host Levi McCurdy, and this week we have some crazy crypto crime stories to talk about. First up - the founders of SafeMoon have been charged by the Department of Justice with running a massive crypto fraud scheme. According to the indictment, SafeMoon lied to investors by claiming their funds were safely locked in pools to help the token's liquidity. In reality, the founders were secretly diverting tens of millions into their own pockets to fund lavish lifestyles. The SEC has filed similar civil charges against the company. SafeMoon's token was promoted by Barstool Sports' Dave Portnoy and grew to have a market cap of over $8 billion in 2021. But it's since come crashing down after the Ponzi scheme was revealed. This is yet another cautionary tale about the risks of crypto speculation. The DOJ agent on the case called it "insatiable greed" - and that seems to be a perfect summary. Our other main story is the conviction of FTX founder Sam Bankman-Fried on 7 counts of fraud. The verdict came after a wild 4-week trial that gave us a fascinating look inside SBF's corrupt crypto empire. Prosecutors successfully argued that Bankman-Fried secretly misused billions in customer funds from FTX to make risky bets at his hedge fund Alameda Research. The government slammed his actions as one of the biggest financial frauds in history. Some crazy details emerged during the trial. We learned how SBF bought a $40 million penthouse for him and his inner circle in the Bahamas. And how he donated millions in FTX customer funds to political groups. One by one, SBF's close friends like Gary Wang and Caroline Ellison turned on him after pleading guilty themselves. Their testimony showed how Bankman-Fried directed the criminal activity despite publicly claiming innocence. SBF took the very risky move of testifying in his own defense. But he wilted under intense questioning from the prosecution, who used his past words against him. The "math nerd" defense clearly didn't convince the jury. Now he's facing decades in prison when he's sentenced in March. The downfall is just incredible for the guy who was the king of crypto just last year. From a $35 million penthouse to a jail cell - talk about a fall from grace! Let me know what you think about these stories and the justice being served! Is it enough to deter future crypto frauds? Or just the cost of doing business for schemes like this? Looking forward to your feedback. And make sure to hit subscribe for more episodes analyzing the crazy world of crypto each week. Thanks for listening! PS: We also talk about Taylor Swift & Travis Kelce - of course. --- ✅THE PERFECT GIFT FOR ANY OCCASION!! IT's ONLY $3 https://wawdpod.com/cameo https://wawdpod.com/cameo ✅ CUT YOUR PHONE BILL IN HALF - WITH VISIBLE WIRELESS Visible by Verizon is making it EASY to pay for wireless service once again. With UNLIMITED plans starting at $25 a month, what are you waiting for? WAWD Podcast listeners will get $20 OFF their first bill. Saving you HOW MUCH MONEY? https://wawdpod.com/visible ✅ REPURPOSE YOUR VIDEOS - Upload to 1 service & we'll handle the rest. Distribute your podcast, clips, shorts, reels, TikTok, and more with Repurpose-io Sign up today: https://wawdpod.com/repurpose ✅ 17 Hats - 50% OFF YOUR YEARLY SUBSCRIPTION Save time & run your business the smart way! https://wawdpod.com/17hats --- Listen Here: ✅ Spotify: https://bit.ly/wawd-spotify ✅ Apple Podcast: https://bit.ly/wawd-apple -- Follow Us: ✅ Instagram: https://bit.ly/wawd-instagram ✅ TikTok: https://bit.ly/wawd-tiktok ✅ Facebook: https://bit.ly/wawd-facebook --- Send in a voice message: https://podcasters.spotify.com/pod/show/what-are-we-doing-pod/message Support this podcast: https://podcasters.spotify.com/pod/show/what-are-we-doing-pod/support
A look at SBF's testimony with his lawyers and how he set to counter the story presented by his former FTX colleagues Nishad Singh, Caroline Ellison, and Gary Wang. Today's Sponsor: Kraken Kraken: See what crypto can be - https://kraken.com/TheBreakdown Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW
Attorneys Samson Enzer and Greg Strong say Caroline Ellison's testimony against Sam Bankman-Fried was damning. They agree one thing could turn it around: SBF's own testimony. However, that runs the risk of increasing his sentence.Samson Enzer, partner at Cahill Gordon & Reindel, and Greg Strong, partner at DLX Law, dissect the second week of the criminal trial of Sam Bankman-Fried. At this point, the prosecution's star witness, former Alameda Research CEO Caroline Ellison, has testified, as well as another prominent insider, co-founder Gary Wang. But both Enzer and Strong believe that it's already over for the defense, but agree that the only thing that could turn it around is testimony from SBF himself—but that runs the risk of the defendant significantly increasing his sentence. Find out how they thought the more salacious details of Ellison's testimony, concerning alleged bribes to Chinese government officials, would affect the jury, and why Enzer believes introducing that testimony may have been risky for the government. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or your favorite podcast platform.Show highlights | Whether the prosecution gave the defense any fodder for its failed entrepreneur theoryHow SBF and Ellison's romantic relationship could affect the jury's deliberationsThe jury's reaction to Ellison saying SBF's belief was that “don't lie, don't steal” didn't fit into his philosophy of utilitarianism Why the defense didn't object to the mention of alleged bribes to Chinese government officials the first timeWhy the defense attorney complain about photos shown of SBF and his hairHow the jury might react to the testimony involving alleged Chinese government bribes, Thai prostitutes, and Saudi princeHow Ellison crying in her testimony could affect the juryWhy the defense didn't ask Ellison about not hedging Why the cross-examination of Gary Wang of was limited in its success for the defenseWhat caused a moment of tension between Zac Prince and the defenseWhy Greg and Sam think SBF shouldn't testify, but believe it's his only, very risky, chance If convicted, how many years do they think SBF's prison sentence will be? Thank you to our sponsors! Crypto.com | LayerZero | Popcorn NetworkGuests |Sam Enzer, partner at Cahill Gordon & Reindel.Previous appearances on Unchained: SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His CaseSBF's Lawyers Could Be Annoying the Judge. How Might That Impact the Trial? - Unchained CryptoGreg Strong, partner at DLx LawLinks | Previous coverage by Unchained on the trial of Sam Bankman-Fried:How Heated Sidebars During the SBF Trial Could Impact the Jury's DecisionSBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's FamilySBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable'SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One FactSBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special PrivilegesSam Bankman-Fried Trial: Here's Everything That Happened So FarSBF Trial, Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison?SBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life'SBF Trial, Day 7: In SBF Trial, Did the Defense Lose Its Opportunity With the Star Witness?SBF Trial, Day 8: Former BlockFi CEO Adds Credibility to Fraud Charges SBF's Lawyers Could Be Annoying the Judge. How Might That Impact the Trial?Did Sam Bankman-Fried Have Intent to Defraud FTX Investors?Here's How Sam Bankman-Fried's High-Stakes Trial Could Play OutSBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His CaseThe High-Stakes Trial of Sam Bankman-Fried Begins: What to ExpectGo deeper into the trial | Unchained:In the SBF Case, Elite Corruption Is What's Really on TrialCooperating Witnesses in the SBF Trial May Get Little to No Prison Time-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Samson Enzer, partner at Cahill Gordon & Reindel, and Greg Strong, partner at DLX Law, dissect the second week of the criminal trial of Sam Bankman-Fried. At this point, the prosecution's star witness, former Alameda Research CEO Caroline Ellison, has testified, as well as another prominent insider, co-founder Gary Wang. Both Enzer and Strong believe that it's already over for the defense, but agree that the only thing that could turn it around is testimony from SBF himself—but that runs the risk of the defendant significantly increasing his sentence. Find out how they thought the more salacious details of Ellison's testimony, concerning alleged bribes to Chinese government officials, would affect the jury, and why Enzer believes introducing that testimony may have been risky for the government. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or your favorite podcast platform. Show highlights: Whether the prosecution gave the defense any fodder for its failed entrepreneur theory How SBF and Ellison's romantic relationship could affect the jury's deliberations The jury's reaction to Ellison saying SBF's belief was that “don't lie, don't steal” didn't fit into his philosophy of utilitarianism Why the defense didn't object to the mention of alleged bribes to Chinese government officials the first time Why the defense attorney complained about photos shown of SBF and his hair How the jury might react to the testimony involving alleged Chinese government bribes, Thai prostitutes, and Saudi prince How Ellison crying in her testimony could affect the jury Why the defense didn't ask Ellison about not hedging Why the cross-examination of Gary Wang was limited in its success for the defense What caused a moment of tension between Zac Prince and the defense Why Greg and Sam think SBF shouldn't testify, but believe it's his only, very risky, chance If convicted, how many years do they think SBF's prison sentence will be? Thank you to our sponsors! Crypto.com LayerZero Popcorn Network Guests: Sam Enzer, partner at Cahill Gordon & Reindel. Previous appearances on Unchained: SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case SBF's Lawyers Could Be Annoying the Judge. How Might That Impact the Trial? Greg Strong, partner at DLx Law Links Previous coverage by Unchained on the trial of Sam Bankman-Fried: How Heated Sidebars During the SBF Trial Could Impact the Jury's Decision SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact SBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special Privileges Sam Bankman-Fried Trial: Here's Everything That Happened So Far SBF Trial, Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison? SBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life' SBF Trial, Day 7: In SBF Trial, Did the Defense Lose Its Opportunity With the Star Witness? SBF Trial, Day 8: Former BlockFi CEO Adds Credibility to Fraud Charges SBF's Lawyers Could Be Annoying the Judge. How Might That Impact the Trial? Did Sam Bankman-Fried Have Intent to Defraud FTX Investors? Here's How Sam Bankman-Fried's High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect Go deeper into the trial: Unchained: In the SBF Case, Elite Corruption Is What's Really on Trial Cooperating Witnesses in the SBF Trial May Get Little to No Prison Time Learn more about your ad choices. Visit megaphone.fm/adchoices
This week, we have a bonus mini episode where Jacquelyn talks with TechCrunch+ editor-in-chief Alex Wilhelm to dive back into the Sam Bankman-Fried trial and what has transpired in its second week. Major witnesses who were involved in the downfall of FTX and its sister company Alameda testified like Gary Wang, CTO and cofounder of FTX, and Caroline Ellison, CEO of Alameda. The two of them plead guilty to a number of charges and could face maximum sentences of 50 to 110 years, respectively. It's also worth noting Wang and Ellison testified as part of a cooperation agreement for pleading guilty. Jacquelyn and Alex talk about key points from the trial, anecdotes that you can't read on a transcript and what she anticipates from both the prosecutors and defense going forward. Want more? Here's the latest on the SBF trial: Former Alameda CEO Caroline Ellison explains how FTX hid losses, sandbagged lendersAlameda Research allegedly paid Chinese officials around $150M to regain $1B worth of exchange accountsAlameda Research's ex-CEO Caroline Ellison testifies, claims SBF directed her to commit crimesAlameda had a $65B line of credit and ‘unlimited withdrawals'As SBF's trial heads into its second week, here's what we know so farChain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.
Caroline Ellison, former CEO of Alameda Research and SBF's ex-partner, took the stand to reveal the alleged financial mismanagement at Alameda and FTX, which she claimed was at Bankman-Fried's direction. The cross examination of Gary Wang finally began to show how SBF's lawyers plan to defend him, though Wang largely appeared to be a yes man who simply trusted and followed his friend and co-founder. Ellison's revelations included Alameda's hidden trading of FTT to prop up its price, her warnings to SBF about Alameda's inability to pay back its lenders if he put billions more into venture investments, and his views on risk and “expected value.” For instance, she claimed he said if, with a coin toss came up tails and would mean Earth's destruction, he would toss the coin if there it was twice as likely that it would more than double prosperity on Earth. However, her testimony seemed designed to preemptively rebut the defense's potential argument that Alameda needed to borrow customer funds because she had not hedged. Catch up on Unchained's previous coverage: Sam Bankman-Fried Trial: Here's Everything That Happened So Far SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact SBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special Privileges Did Sam Bankman-Fried Have Intent to Defraud FTX Investors? Here's How Sam Bankman-Fried's High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect In the SBF Case, Elite Corruption Is What's Really on Trial Learn more about your ad choices. Visit megaphone.fm/adchoices
Sam Enzer, partner at Cahill Gordon & Reindel, and Brian Klein, partner at Waymaker, discuss the strategies that the defense and prosecution appear to be using, and why the testimonies from FTX software developer Adam Yedidia, FTX cofounder Gary Wang, and others to come will be so damaging for the defense.The first week of the criminal trial of former FTX CEO Sam Bankman-Fried has come to a close, with his former friends and FTX colleagues Adam Yedidia and Gary Wang delivering powerful testimonies that are forming the foundations for the prosecution's arguments — arguments that the defense may have a difficult time surmounting. Sam Enzer, partner at Cahill Gordon & Reindel, and Brian Klein, partner at Waymaker, discuss Alameda's special privileges coded into the FTX software, the reason why a scorched FTX customer may have been chosen as the first witness, and why upcoming key witnesses are going to be a “real problem” for the defense.Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or your favorite podcast platform.Show highlights | What we learned about the prosecution and defense's strategies after the first week of the trialHow the jury being mostly non-finance professionals may impact deliberationsWhy Brian believes someone “out of the mainstream” would make an ideal juror for the defenseWhy Sam believes the defense's opening was stronger than the prosecution'sWhich arguments may be the most difficult for Sam Bankman-Fried's lawyers to defendWhy the defense's “building a plane as you're flying” analogy may come back to hurt them in closingWhy Sam believes the order of the witness testimony so far is helping the prosecution build the foundation of its caseWhether Adam Yedidia's testimony was effective at establishing him as a credible witnessWhether the fact that some witnesses are cooperating to avoid prison time will impact the jury's decisionWhat Gary Wang, former CTO of FTX, revealed about Alameda's special privileges coded into FTX software and how it wasn't an “oversight”Whether Judge Kaplan is growing impatient with the defenseWhether the prosecution's objections were sustained reasonably by Judge KaplanWhy upcoming insider witnesses pose a “real problem” to the defenseWhy Gary Wang, Nishad Sigh, and Caroline Ellison could very well serve no prison timeWhy it's "not even an open question" that the defense team will appeal if they lose the caseThank you to our sponsors! Crypto.com | LayerZero | Popcorn NetworkGuest: | Sam Enzer, partner at Cahill Gordon & ReindelPrevious appearance on Unchained: SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His CaseBrian Klein, partner at WaymakerPrevious appearance on Unchained: SBF Behind Bars: Why Revoked Bail Is a Big Deal for Crypto's Biggest TrialLinks | Previous coverage by Unchained on the trial of Sam Bankman-Fried:Sam Bankman-Fried Trial: Here's Everything That Happened So FarSBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's FamilySBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable'SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One FactSBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special PrivilegesDid Sam Bankman-Fried Have Intent to Defraud FTX Investors?Here's How Sam Bankman-Fried's High-Stakes Trial Could Play OutSBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His CaseThe High-Stakes Trial of Sam Bankman-Fried Begins: What to ExpectIn the SBF Case, Elite Corruption Is What's Really on TrialBusiness Insider: Sam Bankman-Fried deleted his tweet saying FTX 'assets are fine' on the day he announced his Binance deal-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Turns out the grift was there from the beginning. Former FTX cofounder and CTO Gary Wang testified last week and earlier today about the way in which Alameda was privileged and how early the lies began. Today's Sponsor: Kraken Kraken Pro is the one-stop destination for pro traders - https://k.xyz/TheBreakdownPod Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW
Gary Wang asserts that SBF was aware of the $8 billion deficit in Alameda's balance sheet but continued to publicly deny that there were any issues in FTX's liquidity or accounting. Caroline Ellison begins her testimony.Link to story: Bankman-Fried Seeks to Probe Lawyers' Involvement in $200M ‘Sham' Alameda LoansSign up for The SBF Trial NewsletterCredits: Nikhilesh De, Nick Baker and Wondercraft AI VoiceSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The first week of the criminal trial of former FTX CEO Sam Bankman-Fried has come to a close, with his former friends and FTX colleagues Adam Yedidia and Gary Wang delivering powerful testimonies that are forming the foundations for the prosecution's arguments — arguments that the defense may have a difficult time surmounting. Sam Enzer, partner at Cahill Gordon & Reindel, and Brian Klein, partner at Waymaker, discuss Alameda's special privileges coded into the FTX software, the reason why a scorched FTX customer may have been chosen as the first witness, and why upcoming key witnesses are going to be a “real problem” for the defense. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or your favorite podcast platform. Show highlights: What we learned about the prosecution and defenses strategies after the first week of the trial How the jury being mostly professionals may impact deliberations Why Brian believes someone “out of the mainstream” would make an ideal juror for the defense Why Sam believes the defense's opening was stronger than the prosecution's Which arguments may be the most difficult for Sam Bankman-Fried's lawyers to defend Why the defense's “building a plane as you're flying” analogy may come back to hurt them in closing Why Sam believes the order of the witness testimony so far is helping the prosecution build the foundation of its case Whether Adam Yedidia's testimony was effective at establishing him as a credible witness Whether the fact that some witnesses are cooperating to avoid jail time will impact the jury's decision What Gary Wang, former CTO of FTX, revealed about Alameda's special privileges coded into FTX software and how it wasn't an “oversight” Whether Judge Kaplan is growing impatient with the defense Whether the prosecution's objections were sustained reasonably by Judge Kaplan Why upcoming insider witnesses pose a “real problem” to the defense Why it's "not even an open question" that the defense team will appeal if they lose the case Thank you to our sponsors! Crypto.com LayerZero Popcorn Network Guest: Sam Enzer, partner at Cahill Gordon & Reindel. Previous appearance on Unchained: SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case Brian Klein, partner at Waymaker Previous appearance on Unchained: SBF Behind Bars: Why Revoked Bail Is a Big Deal for Crypto's Biggest Trial Links Previous coverage by Unchained on the trial of Sam Bankman-Fried: Sam Bankman-Fried Trial: Here's Everything That Happened So Far SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact SBF Trial, Day 4: SBF's Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda's Special Privileges Did Sam Bankman-Fried Have Intent to Defraud FTX Investors? Here's How Sam Bankman-Fried's High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect In the SBF Case, Elite Corruption Is What's Really on Trial Learn more about your ad choices. Visit megaphone.fm/adchoices
Caroline Ellison, the former CEO of hedge fund Alameda Research and on-and-off girlfriend of Sam Bankman-Fried, is likely to be the next witness to testify on behalf of the government in its trial against the former crypto mogul, following former FTX executive Gary Wang.Link to story: Former Alameda Research CEO Caroline Ellison to Testify Tuesday in Sam Bankman-Fried TrialSign up for The SBF Trial NewsletterCredits: Helene Braun, Nikhilesh De, Marc Hochsteinand and Wondercraft AI VoiceSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Gary Wang, FTX's former chief technology officer, took the stand in the government's case against Sam Bankman-Fried. Producer Rachel Humphreys and WSJ's Caitlin Ostroff discuss what Wang says he knows about the secret code that allowed Alameda Research to borrow billions of dollars of customer money from FTX. Further Reading: - What's Happening Today at the Sam Bankman-Fried Trial Further Listening: - The Trial of Crypto's Golden Boy Learn more about your ad choices. Visit megaphone.fm/adchoices
Laura reports on the testimony of Gary Wang on Thursday, who described Alameda's special privileges that were programmed into FTX's code as early as July 2019, a few months after the exchange launched. These privileges included Alameda's ability to have a negative balance on its FTX account. This meant that Alameda was able to transfer and withdraw more funds than it had, essentially “borrowing from the exchange.” Those funds, Wang said, belonged to FTX customers, and at the time that FTX declared bankruptcy, Alameda had borrowed $8 billion from the exchange. Wang said Alameda had a $65 billion line of credit — far higher than any other customer on the exchange. He also revealed details about FTT, the cryptocurrency that FTX had created, and the concerns that were raised about how the tokens were allegedly used to boost Alameda's balance on the site. If you need to catch up, don't miss our recent coverage on the trial: SBF Trial, Day 3: Long-Time Friend Says, ‘FTX Defrauded All of Its Customers' SBF Trial, Day 2: DOJ: Sam Bankman-Fried ‘Lied' His Way to ‘Wealth, Power, and Influence' SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family Here's How Sam Bankman-Fried's High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect In the SBF Case, Elite Corruption Is What's Really on Trial Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's blockchain and cryptocurrency news Bitcoin is up slightly at $27,983 Eth is up slightly at $1,640 BNB is up slightly at $212 Gary Wang says Alameda Research had special privileges on FTX. Stars Arena suffers exploit. Yuga Labs restructuring, sees layoffs. Learn more about your ad choices. Visit megaphone.fm/adchoices
Laura reports on the testimony of three witnesses on Thursday, including one who declared that “FTX defrauded all of its customers” and another stating that he had committed financial crimes at the direction of Sam Bankman-Fried. Former FTX software developer Adam Yedidia, Paradigm co-founder Matt Huang, and FTX and Alameda co-founder Gary Wang filled in the details of different aspects of FTX and Alameda's business. Huang's testimony detailed how Paradigm expressed concern about FTX's lack of corporate controls and how the company was “owned and controlled by Sam.” Wang has only started his testimony but has already said he implemented advantages for Alameda into FTX's code at Bankman-Fried's direction. Yedidia's account had the most emotional details, describing how he had a strong belief in the company, to the point where, when employees began leaving FTX, he had messaged Bankman-Fried that he loved him and wasn't going anywhere, but that it flipped once he realized “FTX defrauded all of its customers.” Find out what new information caused him to have a change of heart in this episode. If you need to catch up, don't miss our recent coverage on the trial: SBF Trial, Day 2: DOJ: Sam Bankman-Fried ‘Lied' His Way to ‘Wealth, Power, and Influence' SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family Here's How Sam Bankman-Fried's High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect In the SBF Case, Elite Corruption Is What's Really on Trial Learn more about your ad choices. Visit megaphone.fm/adchoices
The blockbuster trial of Sam Bankman-Fried wrapped up its third day, with multiple witnesses, including former FTX software developer Adam Yedidia, Paradigm co-founder Matt Huang, and FTX cofounder Gary Wang, taking the witness stand. Joshua Ashley Klayman, Senior Counsel, U.S. Head of FinTech and Head of Blockchain & Digital Assets at Linklaters, discusses the main takeaways from the trial so far, the surprising testimonies given by former close associates of SBF, and how the prosecution and defense plan to paint a picture of who SBF is to the jury. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: What Josh's biggest takeaways from the trial are so far Why Josh felt that the jury had “a lot to take in” in order to understand the basics of the case Whether the different backgrounds of the jury will affect the outcome of the trial Why the prosecution is arguing that regardless of the technical aspects of the case, the key issue is fraud How the defense plans to argue that SBF did not intend to defraud investors Why the selection of the first witness, a former FTX customer, is an "interesting" choice, according to Josh What is the fiat@ftx.com account and how it contributed to FTX's undoing How they discovered the $8 billion hole in the FTX balance sheet and SBF's reaction at the time What an email revealed about the lack of corporate governance in FTX and Alameda Thank you to our sponsors! Crypto.com Hedera Popcorn Network Guest Joshua Ashley Klayman, Senior Counsel, U.S. Head of FinTech and Head of Blockchain & Digital Assets at Linklaters Previous appearances on Unchained: Gary Gensler vs. Crypto: What Will the SEC Attack Next? How Crypto And Blockchain Technology Should Be Regulated Links Previous coverage by Unchained on the trial of Sam Bankman-Fried: SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable' Here's How Sam Bankman-Fried's High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect In the SBF Case, Elite Corruption Is What's Really on Trial Learn more about your ad choices. Visit megaphone.fm/adchoices
Joshua Ashley Klayman, Senior Counsel, U.S. Head of FinTech and Head of Blockchain & Digital Assets at Linklaters, discusses the prosecution and defense's impassioned opening statements and surprising witness testimonies that are piecing together how FTX came crashing down. The blockbuster trial of Sam Bankman-Fried wrapped up its third day, with multiple witnesses, including former FTX software developer Adam Yedidia, Paradigm cofounder Matt Huang, and FTX cofounder Gary Wang, taking the witness stand. Joshua Ashley Klayman, Senior Counsel, U.S. Head of FinTech and Head of Blockchain & Digital Assets at Linklaters, discusses the main takeaways from the trial so far, the surprising testimonies given by former close associates of SBF, and how the prosecution and defense plan to paint a picture of who SBF is to the jury.Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights | What Josh's biggest takeaways from the trial are so farWhy Josh felt that the jury had “a lot to take in” in order to understand the basics of the caseWhether the different backgrounds of the jury will affect the outcome of the trialWhy the prosecution is arguing that regardless of the technical aspects of the case, the key issue is fraudHow the defense plans to argue that SBF did not intend to defraud investorsWhy the selection of the first witness, a former FTX customer, is an "interesting" choice, according to JoshWhat is the fiat@ftx.com account and how it contributed to FTX's undoingHow they discovered the $8 billion hole in the FTX balance sheet and SBF's reaction at the timeWhat an email revealed about the lack of corporate governance in FTX and Alameda Thank you to our sponsors! Crypto.com | Hedera | Popcorn NetworkGuest | Joshua Ashley Klayman, Senior Counsel, U.S. Head of FinTech and Head of Blockchain & Digital Assets at LinklatersPrevious appearances on Unchained:Gary Gensler vs. Crypto: What Will the SEC Attack Next?How Crypto And Blockchain Technology Should Be RegulatedLinks |Previous coverage by Unchained on the trial of Sam Bankman-Fried:SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's FamilySBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied' While Defense Claims His Actions Were ‘Reasonable'SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One FactHere's How Sam Bankman-Fried's High-Stakes Trial Could Play OutSBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His CaseThe High-Stakes Trial of Sam Bankman-Fried Begins: What to ExpectIn the SBF Case, Elite Corruption Is What's Really on Trial-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The SBF defense struggles as Judge Kaplan loses patience with their repetitive questioning and former FTX executive Gary Wang makes a guilty testimony. Link to story: Sam Bankman-Fried, Other FTX Execs Committed Financial Crimes, Co-Founder Wang TestifiesSign up for The SBF Trial NewsletterCredits: Danny Nelson, Nikhilesh De, Marc Hochstein and Wondercraft AI VoiceSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Overpriced JPEGs - courthouse edition! I was in court all day at SBF's trial. Today we got a ~very interesting~ timeline showing the progression of what SBF knew when and the crimes he may or may not have committed. All courtesy of government witness and FTX + Alameda co-founder, Gary Wang. Claim your ticket for Raoul Pal x Overpriced JPEGs in New York: https://www.opjtour.com/ OPJ Gin Bottle Redemption: https://overpricedjpegs.cc/gin OPJ NFT Link: https://overpricedjpegs.cc/buy-opj-nft OPENSEA | STUDIO Check out the latest drops in OpenSea: https://overpricedjpegs.cc/OpenSea WEB3SENSE | DEMO Find out more + get a demo today: https://overpricedjpegs.cc/web3sense
Laura reports on the opening statements of the prosecution and defense, which painted a portrait of Sam Bankman-Fried as power-hungry and discussed how he allegedly managed to fumble customer funds. Next witnesses are set to include Matt Huang, cofounder and managing partner at crypto VC firm Paradigm, and Gary Wang, former CTO of FTX. Tune in to get the latest updates and insights on a case that could have far-reaching implications for the crypto industry. If you need to catch up, don't miss our recent coverage on the trial: SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF's Family Here's How Sam Bankman-Fried's High-Stakes Trial Could Play Out SBF Trial: How Sam Bankman-Fried's Lawyers Might Try and Win His Case The High-Stakes Trial of Sam Bankman-Fried Begins: What to Expect In the SBF Case, Elite Corruption Is What's Really on Trial Learn more about your ad choices. Visit megaphone.fm/adchoices
Paris Marx is joined by Jacob Silverman to discuss the start of the criminal trial against Sam Bankman-Fried, what we know about the case, and whether he's likely to be found guilty. Jacob Silverman is a journalist and the co-author of Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud. He's also the host of The Naked Emperor. Find more of Jacob's work on jacobsilverman.com.Tech Won't Save Us offers a critical perspective on tech, its worldview, and wider society with the goal of inspiring people to demand better tech and a better world. Follow the podcast (@techwontsaveus) and host Paris Marx (@parismarx) on Twitter, and support the show on Patreon.The podcast is produced by Eric Wickham and part of the Harbinger Media Network.Also mentioned in this episode:Jacob wrote about the trial on his newsletter.Molly White has also written a preview of what's to come in the Bankman-Fried trial.Sam Bankman-Fried leaked Caroline Ellison's diaries to the New York Times. Soon after, his bail was revoked and he was sent to prison for over witness tampering.Sam Bankman-Fried was interviewed by Matt Levine on Odd Lots and basically admitted yield farming was a Ponzi scheme.Caroline Ellison, Gary Wang, and Nishad Singh have all pleaded guilty and are expected to be collaborating with the government against Bankman-Fried.Bankman-Fried's parents are also being sued over the millions they got from FTX.Support the show
Kayvan Sadeghi, partner at Jenner & Block, and Sam Enzer, partner at Cahill Gordon & Reindel, discuss how Sam Bankman-Fried's trial might play out and what arguments the defense and prosecution might try to use to win the jury's favor.The high-stakes trial of Sam Bankman-Fried began on October 3, and the FTX founder and former CEO will have to answer for his role in the cryptocurrency exchange's downfall, which led to billions in losses. Both the prosecution and defense are currently preparing for what is set to be a significant milestone for the crypto industry. Kayvan Sadeghi, partner at Jenner & Block, and Sam Enzer, partner at Cahill Gordon & Reindel, discuss the differences between a civil and criminal trial, what the jury selection process might look like, and what arguments the prosecution and defense might use to support their cases. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights:The difference between a civil and criminal trial and why it's difficult for the defense to prepare while Sam Bankman-Fried is in jailWhether SBF was offered a plea deal and if so, why he didn't take itWhat the process of vetting jurors look like and what both sides are looking forWhat a pre-opening jury charge is and why Judge Lewis A. Kaplan might choose to use itThe importance of intent when it comes to SBF's chargesThe pros and cons of the defense using the argument that the FTX founder was receiving poor legal adviceWhat charges SBF is facing and whether the defense or prosecution have the upper handHow the opening statements of both the prosecution and the defense might play outWhether SBF will be put on the stand and why that could be a "dangerous" move, according to SamHow the defense could respond to testimony from key witnesses like Caroline Ellison or Gary WangHow Judge Kaplan being a "tough sentencer" could impact SBF's jail sentence, according to SamThank you to our sponsors! Crypto.com | LayerZero | Popcorn NetworkGuests | Kayvan Sadeghi, partner and co-chair of Fintech & Crypto Assets at Jenner & BlockPrevious appearance on Unchained: Why the SEC vs. Ripple Order Is Now About 2 Things: Coinbase and CongressSamson Enzer, partner at Cahill Gordon & Reindel.Links |Previous coverage from Unchained on Sam Bankman-Fried and FTX:Here's How Sam Bankman-Fried's High-Stakes Trial Could Play OutWhy FTX Might Try to Claw Back Funds From Retail CustomersThe Chopping Block: Was FTX a Scam From the Very Beginning? How Much Prison Time Is FTX's Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take YearsThe Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He?Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 BillionDid the Bahamian Government Direct SBF and Gary Wang to Hack FTX?The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers' AssetsThe Chopping Block: FTX: The Biggest Collapse in the History of Crypto?Sam Bankman-Fried on How to Prevent the Next Terra and 3ACDetails of the Trial:Unchained: FTX: The Exchange That Brought Down the IndustryCoinDesk: Here's the Sam Bankman-Fried Trial ScheduleThe SBF Trial: How Did We Get Here?Here's How FTX Founder Sam Bankman-Fried's Trial May Play OutForbes:Sam Bankman-Fried Could Face 'Very Long Sentence,' Judge Says Before Denying ReleaseSBF's defense team:Unchained: Sam-Bankman-Fried Files New Request for Temporary Release Before TrialCoinDesk: U.S. Department of Justice Opposes Sam Bankman-Fried's Latest Move for 'Temporary Release'Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge RulesKey witnesses:Unchained: SBF's Expert Witnesses Barred From Testifying at TrialReuters: Who is Caroline Ellison, a key witness set to testify against Sam Bankman-Fried?NYT: Prosecutors Detail Evidence Against Sam Bankman-Fried - The New York TimesCoinDesk: All of Sam Bankman-Fried's Proposed Expert Witnesses Should Be Barred From Testifying: DOJJudge Blocks Sam Bankman-Fried's Proposed Witnesses From TestifyingBusiness Insider: Sam Bankman-Fried is being sent to jail after a judge revoked his bail over alleged witness tamperingJury selection:CoinDesk: Sam Bankman-Fried Can Ask DOJ Witnesses About Drug UseCointelegraph: Sam Bankman-Fried's political donations can be surfaced in trial, rules judge-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The trial of Sam Bankman-Fried, the founder and former CEO of bankrupt cryptocurrency exchange FTX, is set to begin on October 3. The 31-year-old is accused of committing wire fraud and conspiracy to commit other types of fraud, in relation to the dramatic collapse of his crypto empire last year, which led to billions in losses. Nik De, CoinDesk's managing editor for global policy and regulation, discusses the importance of jury selection, the potential testimony of key witnesses, and how many years Bankman-Fried may face if he is found guilty. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: Why SBF's lawyers keep requesting the FTX founder be released Why the jury selection is so important and how long it could take Why the DOJ opposed the proposed questions for the jury Why the Judge agreed with the DOJ in blocking some of the witnesses proposed by the defense team How the defense team may try to discredit some of the proposed witnesses Whether the argument of SBF receiving “poor legal advice” holds any ground What role the political donations made by SBF may play in the trial How many years SBF could face if he were to be found guilty Thank you to our sponsors! Crypto.com Arbitrum Foundation Hedera Toku Guest Nik De, CoinDesk's managing editor for global policy and regulation Previous appearances on Unchained: How SEC Chair Gary Gensler's Views on Crypto Have Changed Since His MIT Days Why the Ooki DAO Case Could Hurt Participation in DAOs Links Previous coverage from Unchained on Sam Bankman-Fried and FTX: Why FTX Might Try to Claw Back Funds From Retail Customers The Chopping Block: Was FTX a Scam From the Very Beginning? How Much Prison Time Is FTX's Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers' Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC SBF's defense team motions: Judge Denies Sam Bankman-Fried's Request for Temporary Release U.S. Department of Justice Opposes Sam Bankman-Fried's Latest Move for 'Temporary Release' Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge Rules Judge Blocks Sam Bankman-Fried's Proposed Witnesses From Testifying Key witnesses: SBF's Expert Witnesses Barred From Testifying at Trial Who is Caroline Ellison, a key witness set to testify against Sam Bankman-Fried? All of Sam Bankman-Fried's Proposed Expert Witnesses Should Be Barred From Testifying: DOJ Sam Bankman-Fried is being sent to jail after a judge revoked his bail over alleged witness tampering Jury selection: Sam Bankman-Fried Can Ask DOJ Witnesses About Drug Use Sam Bankman-Fried's political donations can be surfaced in trial, rules judge Learn more about your ad choices. Visit megaphone.fm/adchoices
Nik De, CoinDesk's managing editor for global policy and regulation, discusses the importance of jury selection in the trial and how many years Sam Bankman-Fried may face if found guilty.The trial of Sam Bankman-Fried, the founder and former CEO of bankrupt cryptocurrency exchange FTX, is set to begin on October 3. The 31-year-old is accused of committing wire fraud and conspiracy to commit other types of fraud, in relation to the dramatic collapse of his crypto empire last year, which led to billions in losses. Nik De, CoinDesk's managing editor for global policy and regulation, discusses the importance of jury selection, the potential testimony of key witnesses, and how many years Bankman-Fried may face if he is found guilty.Show highlights:Why SBF's lawyers keep requesting the FTX founder be releasedWhy the jury selection is so important and how long it could takeWhy the DOJ opposed the proposed questions for the jury Why the Judge agreed with the DOJ in blocking some of the witnesses proposed by the defense teamHow the defense team may try to discredit some of the proposed witnessesWhether the argument of SBF receiving “poor legal advice” holds any groundWhat role the political donations made by SBF may play in the trialHow many years SBF could face if he were to be found guiltyThank you to our sponsors!Crypto.com | Arbitrum Foundation | Hedera | TokuGuest | Nik De, CoinDesk's managing editor for global policy and regulationPrevious appearances on Unchained:How SEC Chair Gary Gensler's Views on Crypto Have Changed Since His MIT DaysWhy the Ooki DAO Case Could Hurt Participation in DAOsLinksPrevious coverage from Unchained on Sam Bankman-Fried and FTX:Why FTX Might Try to Claw Back Funds From Retail CustomersThe Chopping Block: Was FTX a Scam From the Very Beginning? How Much Prison Time Is FTX's Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take YearsThe Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He?Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 BillionDid the Bahamian Government Direct SBF and Gary Wang to Hack FTX?The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers' AssetsThe Chopping Block: FTX: The Biggest Collapse in the History of Crypto?Sam Bankman-Fried on How to Prevent the Next Terra and 3ACSBF's defense team motions:Judge Denies Sam Bankman-Fried's Request for Temporary ReleaseU.S. Department of Justice Opposes Sam Bankman-Fried's Latest Move for 'Temporary Release'Sam Bankman-Fried Can Use an 'Air-Gapped' Laptop in Court, Judge RulesJudge Blocks Sam Bankman-Fried's Proposed Witnesses From TestifyingKey witnesses:SBF's Expert Witnesses Barred From Testifying at TrialWho is Caroline Ellison, a key witness set to testify against Sam Bankman-Fried?All of Sam Bankman-Fried's Proposed Expert Witnesses Should Be Barred From Testifying: DOJSam Bankman-Fried is being sent to jail after a judge revoked his bail over alleged witness tamperingJury selection:Sam Bankman-Fried Can Ask DOJ Witnesses About Drug UseSam Bankman-Fried's political donations can be surfaced in trial, rules judgeUnchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In the first episode of Coinage's investigation into SBF's upcoming defense, we looked at SBF's right-hand woman: Caroline Ellison. She is one of three FTX executives who have pleaded guilty, along with Gary Wang and Nishad Singh. This episode explores SBF's claim that a fourth conspirator played an even larger role in FTX's collapse: FTX's legal partners at major law firms Fenwick & West and Sullivan & Cromwell. It's a lofty claim, and no doubt one that will be heavily scrutinized from all sides in the courtroom, but it's also not without support – even from 18 state regulators and a bipartisan group of senators, who wrote, “given their long standing legal work for FTX, they may well bear a measure of responsibility for the damage wrecked on the company's victims.”Sullivan & Cromwell is now leading FTX's bankruptcy process and is set to rake in nearly $800 million in legal fees over the next two years. SBF claims that money is being drained from customers, but what do they think? You can read and watch Coinage's full reporting on SBF's legal defense at Coinage.Media. Watch our full trial coverage at https://www.coinage.media/sbf-trialRead the full Coinage ArticleSign up for the daily CoinDesk SBF Trial NewsletterCredits: Wondercraft AI Voice, Coinage and CoinDesk. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Just days before Sam Bankman-Fried landed in a Brooklyn prison for breaking his bail agreement, he agreed to answer questions from the Coinage community. It would become his last interview before he was admitted to Metropolitan Detention Center. Surprisingly, he provided about 50 pages of documents outlining his defense strategy. In this exclusive series, we explore exactly what SBF says led to FTX downfall, and discuss SBF's exclusive defense strategy with experts, including the former prosecutor who took down Bernie Madoff.In Episode 1, we take a closer look at SBF's right-hand woman: Caroline Ellison. One of three FTX executives who have pleaded guilty, along with Gary Wang and Nishad Singh, Caroline Ellison was CEO of Alameda Research, SBF's bespoke trading firm that operated on FTX. Caroline admits that she committed crimes during her time as the head of Alameda. SBF said he was unaware — and says it's precisely because he was unaware of just how badly Caroline was running Alameda that its collapse took down FTX. But does that defense stand a chance at trial?“It's tough for an MIT graduate who comes off as kind of a master of the universe type to argue that he's an idiot,” says Marc Litt. You can read and watch Coinage's full reporting on SBF's legal defense at Coinage.Media. Watch our full trial coverage at https://www.coinage.media/sbf-trialRead the full Coinage Article.Sign up for the daily CoinDesk SBF Trial Newsletter.Credits: Wondercraft AI Voice, Coinage and CoinDesk.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
As lawsuits continue to pile up in the FTX saga, FTX chief John Ray III is focused on clawing back funds from former affiliates to pay back creditors. But how might that play out in court? Founder of 117 Partners Thomas Braziel, who specializes in the trading of bankruptcy claims, explains the different paths Ray may choose to go down and the potential outcomes of these cases. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: The chances of FTX winning in court against Sam Bankman-Fried's parents The case against Barbara Fried and Joseph Bankman Whether civil cases could turn into criminal ones Whether bankruptcy proceedings and the criminal case against Sam Bankman-Fried are a coordinated effort What retail clawbacks are and the likelihood that FTX will pursue them Thank you to our sponsors! Crypto.com Arbitrum Foundation Thales DAO Toku Guest Thomas Braziel, founder of 117 Partners Previous appearances on Unchained: Will FTX Reboot? Here's John Ray's Internal Deadline for Making a Decision Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In Will Celsius Survive the Bankruptcy Process? How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTX Links Previous coverage of Unchained on Sam Bankman-Fried and FTX: The Chopping Block: Was FTX a Scam From the Very Beginning? How Much Prison Time Is FTX's Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Is the Collapse of Crypto Lending Over, or Is It Just Starting? Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers' Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC Unchained: New Suit Claims That FTX Kept Its Fraud All in the Family Stanford University Will Return $5.5 Million to FTX FTX Sues SBF's Parents to Claw Back Misappropriated Funds: Report Full text of the FTX lawsuit against Bankman and Fried CoinDesk: Sam Bankman-Fried's Dad Thought His Son Wasn't Paying Him Enough, So He Got Mom Involved Bloomberg: How Sam Bankman-Fried's Elite Parents Enabled His Crypto Empire The Verge: The best stuff Sam Bankman-Fried's parents bought using FTX money Learn more about your ad choices. Visit megaphone.fm/adchoices
Thomas Braziel, founder of 117 Partners, discusses the chances of FTX winning in court and how it can claw back funds to repay its debts.As lawsuits continue to pile up in the FTX saga, FTX chief John Ray III is focused on clawing back funds from former affiliates to pay back creditors. But how might that play out in court? Founder of 117 Partners Thomas Braziel, who specializes in the trading of bankruptcy claims, explains the different paths Ray may choose to go down and the potential outcomes of these cases.Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights:The chances of FTX winning in court against Sam Bankman-Fried's parentsThe case against Barbara Fried and Joseph Bankman Whether civil cases could turn into criminal onesWhether bankruptcy proceedings and the criminal case against Sam Bankman-Fried are a coordinated effort What retail clawbacks are and the likelihood that FTX will pursue themThank you to our sponsors: Crypto.com | Arbitrum Foundation | Thales | DAO | TokuGuest | Thomas Braziel - founder of 117 Partners.Previous appearances on Unchained:Will FTX Reboot? Here's John Ray's Internal Deadline for Making a DecisionWill FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh InWill Celsius Survive the Bankruptcy Process?How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTXLinks | Previous coverage of Unchained on Sam Bankman-Fried and FTX:The Chopping Block: Was FTX a Scam From the Very Beginning? How Much Prison Time Is FTX's Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take YearsThe Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He?Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 BillionIs the Collapse of Crypto Lending Over, or Is It Just Starting?Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX?The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers' AssetsThe Chopping Block: FTX: The Biggest Collapse in the History of Crypto?Sam Bankman-Fried on How to Prevent the Next Terra and 3ACUnchained: New Suit Claims That FTX Kept Its Fraud All in the FamilyStanford University Will Return $5.5 Million to FTXFTX Sues SBF's Parents to Claw Back Misappropriated Funds: ReportFull text of the FTX lawsuit against Bankman and FriedCoinDesk: Sam Bankman-Fried's Dad Thought His Son Wasn't Paying Him Enough, So He Got Mom InvolvedBloomberg: How Sam Bankman-Fried's Elite Parents Enabled His Crypto EmpireThe Verge: The best stuff Sam Bankman-Fried's parents bought using FTX money-Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Lawyer Brian Klein joins the show to explain why Sam Bankman-Fried being locked up makes it “much tougher” for his legal team. This week, the judge presiding over the case said SBF went too far in attempting to intimidate key witnesses – chief among them former Alameda Research co-CEO (and ex-flame) Caroline Ellison. Will a jail cell change SBF's defiant tune ahead of a hotly anticipated October trial date? Klein weighs in. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: why the detention of SBF changes the dynamics of the trial preparation why Brian believes that the appeal to the detention won't prevail whether these new conditions will lead to a request for a delay of the trial whether the fact that SBF is now in jail will make him more interested in a plea deal why both the prosecution and the defense have filed motions to limit allowable evidence and what that means for the trial what the short-term future of the trial looks like how long a trial like this would take to play out Thank you to our sponsors! Crypto.com Arbitrum Foundation Thales DAO Guest Brian Klein, partner at Waymaker Links Previous coverage of Unchained on Sam Bankman-Fried and FTX: Will FTX Reboot? Here's John Ray's Internal Deadline for Making a Decision The Chopping Block: Was FTX a Scam From the Very Beginning? How Much Prison Time Is FTX's Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Is the Collapse of Crypto Lending Over, or Is It Just Starting? Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers' Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC Unchained: Sam Bankman-Fried Remanded to Jail Ahead of Fraud Trial Prosecutors Move to Include Caroline Ellison's List of ‘Things Sam is Freaking Out About' Into Evidence Against FTX Founder Prosecutors Allege SBF Used $100 Million User Funds for Campaign Contributions The New York Times: Prosecutors Detail Evidence Against Sam Bankman-Fried The Block: Former FTX exec Salame to plead the fifth about campaign finance schemes Learn more about your ad choices. Visit megaphone.fm/adchoices
From “hush money” allegations to a prospective FTX relaunch, it's been a crazy week for those following the legal saga of Sam Bankman-Fried's collapsed crypto empire. Perhaps few are following it more closely than 507 Capital founder Thomas Braziel, who specializes in the trading of bankruptcy claims. He explains the significance of a spate of recent headlines and shares newsworthy tidbits from his meeting with new FTX honcho John J. Ray III. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: what the Daniel Friedberg lawsuit revealed about the whistleblowers of FTX how FTX used allegedly false claims in its Series C funding round whether Friedberg's former law firm, Fenwick & West, will suffer legal consequences how John Ray is prosecuting the allegedly fraudulent transactions made by FTX what stood out to Thomas in his personal dealings with John Ray what the timeline is for filing a reorganization plan for FTX what the odds are of an FTX 2.0 relaunch, according to Thomas why Thomas says that FTT won't play a role in the potential FTX recovery whether the decision to redact the identities of FTX customers was right Thank you to our sponsors! Crypto.com Proton Railgun DAO Guest Thomas Braziel, Founder of 507 Capital Previous appearances on Unchained Will FTX Customers Ever Recover Their Assets? Two Insolvency Experts Weigh In Will Celsius Survive the Bankruptcy Process? How Crypto Bankruptcy Claims Buyers Will Profit From the Collapse of FTX Links Previous coverage of Unchained on Sam Bankman-Fried and FTX: The Chopping Block: Was FTX a Scam From the Very Beginning? How Much Prison Time Is FTX's Sam Bankman-Fried Facing? Why the Legal Process for FTX and Sam Bankman-Fried Could Take Years The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He? Jesse Powell and Kevin Zhou on How FTX and Alameda Lost $10 Billion Is the Collapse of Crypto Lending Over, or Is It Just Starting? Did the Bahamian Government Direct SBF and Gary Wang to Hack FTX? The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater Erik Voorhees and Cobie on Why FTX Loaned Out Customers' Assets The Chopping Block: FTX: The Biggest Collapse in the History of Crypto? Sam Bankman-Fried on How to Prevent the Next Terra and 3AC CoinDesk: FTX Customers Have Until End-September to Submit Bankruptcy Claims Unchained: FTX Sues Former Compliance Chief Who Allegedly Silenced Whistleblowers FTX Stops Sale of $500 Million Stake in AI Firm Anthropic: Report FTX Recovers $7 Billion in Assets in Liquid Assets WSJ: FTX Begins Talks on Reboot Amid Regulatory Crackdown on Crypto Exchanges Bloomberg: Bankman-Fried's FTX Halts Sale of $500 Million AI Startup Anthropic Stake Learn more about your ad choices. Visit megaphone.fm/adchoices
Last year's Super Bowl featured a who's who of celebrities hawking cryptocurrency and crypto platforms like FTX. In retrospect that looks like the boom before the bust. This year, crypto prices have tumbled and one of the most valued exchanges, FTX, collapsed in a cloud of alleged fraud and federal indictments. So is it all a scam? A pyramid scheme? Will crypto endure? Our guest this week thinks it will, but says accused fraudster Sam Bankman-Fried has shown the world just how risky the market can be for new users. It remains unclear if FTX customers will ever get their money back or if crypto can ever be seen more broadly as a trustworthy store of value. Tonya Evans is a tenured full professor at Penn State Dickinson Law School whose work focuses on the legal, regulatory, policy and economic justice implications of new technologies and innovation. She also hosts a weekly podcast called “Tech Intersect,” all about the intersection of law, business and tech. Evans joins WITHpod to discuss why, in her view, the collapse of FTX isn't a crypto problem, rather a fraud problem, what the future of regulation in the space could look like and more.
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