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It’s week five of the Sam Bankman-Fried trial and a lot has happened for the former CEO of FTX.
He testified in front of jurors, for numerous days, after doing a hearing testimony without them present.
While we would have preferred to learn more about what transpired from the man behind the madness himself, he offered little context, especially when asked about his prior decisions and actions during cross-examination with prosecutors. In total, he said a whole lot of nothing, and yet, everything in his testimony, all at the same time (TC+). Bankman-Fried said “Yup” 372 times, “Not sure” 117 times and “I don’t remember” 73 times, for context.
Now his verdict lies in the hands of 12 jurors, who will determine whether Bankman-Fried is guilty of seven charges related to fraud and money laundering.
With that said, our crypto coverage was all-in on SBF’s trial this past week, so let’s get into it.
The latest pod
For this week’s episode, Jacquelyn is joined by TechCrunch+ Editor in Chief Alex Wilhelm to discuss the end of the trial for Sam Bankman-Fried, former CEO of FTX, who is facing seven charges related to fraud and money laundering.
They talked about:
The prosecution’s closing arguments
The defense’s closing arguments
Key points in the case
What’s next for the trial
Follow the money
Modulus raised a $6.3 million seed round to bring AI technology to dApps
Blockchain infrastructure and tooling startup Kana Labs raised $2 million in a seed round
Surf Protocol raised $3 million to create a perpetual decentralized exchange on Coinbase’s Base blockchain
Blockchain transaction tracking platform Vaas raised $2 million in a pre-seed round
Anapaya Systems raises $2 million from Mysten Labs to build web3 infrastructure
This list was compiled with information from Messari as well as TechCrunch’s own reporting.
What else we’re writing
Want to branch out from the world of web3? Here are some articles on TechCrunch that caught our attention this week.
Follow me on Twitter @Jacqmelinek for breaking crypto news, memes and more.