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.
- 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
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- 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
- 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