The post Week 3 of SBF’s trial: The highlights you can’t miss appeared on BitcoinEthereumNews.com.

The courtroom drama surrounding the trial of the former FTX CEO, Sam Bankman-Fried, more commonly known by his initials “SBF”, has reached a fevered pitch in its third week. As both the prosecution and defense square off, presenting their perspectives with rigor, here’s a comprehensive guide to what went down. The Prosecution’s Relentless March Riding high on momentum, the prosecution trotted out an impressive ten witnesses during the week, escalating their count to a whopping 17. Yet, not all decisions sat well with Judge Lewis Kaplan of the Southern District of New York. On a particular day, after the exit of the third witness, Kaplan’s vexation was palpable. He held his peace until the jury’s exit, then berated the counsel. One can’t help but think – was the prosecution’s strategy backfiring? Nonetheless, the prosecution’s show must go on, and they seem to have regained some traction later in the day. With them expected to rest their case soon, the defense is prepping to present their arguments. There’s been a bit of tussle on the start date, with Judge Kaplan firm on having it begin by Thursday, October 26. Explosive Revelations from the Inside Week three wasn’t just about numbers. There were testimonies that, frankly, blew the lid off certain aspects of this saga. Former FTX engineer Nishad Singh and the erstwhile FTX attorney, Can Sun, dropped bombshells. Sun’s revelations about a desperate bid to raise capital to fill a staggering $7 billion void in FTX’s finances were nothing short of dramatic. There was a revealing digital rendezvous with Apollo Capital, hinting at financial turmoil. Despite brainstorming sessions with the top brass, including SBF, no viable legal explanation for the gaping hole in the finances emerged. This culminated in Sun’s resignation, rooted in his belief that FTX was ill-equipped to handle…

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Filed under: News - @ October 21, 2023 11:22 pm