Did SBF Just Admit Guilt Under Oath?

TL;DR

• The SBF hearing should finish this Thursday or Friday, at which point the jury will start deliberation.

• Prosecutors brought up the fact that Alameda Research could essentially borrow FTX customer funds without being forced to pay it back. Sam has always tried to suggest that he had no idea about it…but now he’s under oath.

• When asked to either confirm or deny his knowledge about Alameda’s access to FTX customer funds, Sam responded: “I don’t deny it, no.”

Full Story

Another day, another line of questioning for Sam Bankman-Fried!

Here’re our three biggest takeaways from Monday’s cross examination:

1. The hearing should finish this Thursday or Friday, at which point the jury will start deliberation.

   (Ah, time flies when you’re watching one of the biggest alleged financial frauds of all time at trial!)

2. The prosecution brought up how Sam dressed, suggesting that his dressed down look was a branding move.

   Which feels like an attempt to send a subliminal message to the jury:

   ‘This dude was lying about everything, it was all an act…right down to the clothes he wore.’

3. Ooft this is a biggy!

   Prosecutors brought up the fact that Alameda Research could essentially borrow FTX customer funds without being forced to pay it back.

   (Sam has always tried to suggest that he had no idea about it…but now he’s under oath).

   When asked to either confirm or deny his knowledge about Alameda’s access to FTX customer funds, Sam responded:

   “I don’t deny it, no.”