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:
Learn more about your ad choices. Visit megaphone.fm/adchoices
Circuit Breakers: Is ERC-7265 the Solution dApps Were Waiting For? - Ep. 515
ERC-6551: Is This the Next Big Leap in NFT Innovation? - Ep. 514
Will FTX Reboot? Here’s John Ray’s Internal Deadline for Making a Decision - Ep. 513
The Chopping Block: Why the Azuki Elementals Drop Was a Big Flop - Ep. 512
Prometheum and Paradigm in Debate: Can the Status Quo Work for Crypto? - Ep. 511
The Chopping Block: Is BlackRock’s ETF Proposal Breathing Life Into Bitcoin? - Ep. 510
Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETF - Ep. 509
Uniswap Founder Hayden Adams on How ‘Hooks’ Make v4 Different - Ep. 508
SEC’s Hester Peirce Tackles ‘Frustrating’ Crypto Regulation – And Why It’s So Slow - Ep. 507
The Chopping Block: Why Uniswap V4 Creates a Bigger Attack Surface Area - Ep. 506
Hong Kong's New Crypto Regulation: Will It Attract the Industry? - Ep. 505
SEC Sues Binance, Coinbase: ‘This Is Not the End of Crypto in the United States’- Ep. 504
The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility - Ep. 503
What’s Next for Wallets After Ledger Recover Outrage? - Ep. 502
The Chopping Block: Will Modular Blockchains Win? - Ep. 501
Laura Shin Reflects on 500 Episodes of ‘Unchained’ - Ep.500
These 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler - Ep. 499
Ethereum L2s Are About to Be the Hot New Thing in NFTs - Ep.498
The Chopping Block: Why Everyone Is Talking About EigenLayer - Ep. 497
Ex-CFTC Commissioner Berkovitz Says ‘DeFi Should Be Regulated’ – But How? - Ep. 496
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Børsen Morgenbriefing
Sarah Westall - Business Game Changers
Startitup podcasty
Wall Street Breakfast