With SBF's trial about to start, The Block had a few questions we assume you might share. We did our best to answer them.
set to kick off next week, things are finally about to speed up, and while many uncertainties remain, one thing is certain — you'll probably be watching all the twists and turns about to come with baited breath.
to the New York Times this summer. He was subsequently sent to jail after the judge revoked his bail.Ellison, who was the former CEO of FTX's sister trading firm Alameda Research, could prove to be one of the prosecution's star witnesses. In December, shethings that Bankman-Fried won't be able to tell the jury, including that he has been in jail.
"There is a delusional factor; you can see that in high functioning people that can pull off a fraud like this," said Popok."They are also still in that place when they need to make a decision about their freedom. It's the same person. They are self delusional because that's what enabled them to do the fraud for so long."
Popok, however, said at the end of the day, the average person probably doesn’t have a lot of invested interest in the trial's outcome. The backstory behind how Bankman-Fried's well-connected Stanford professor parents may have played a part in their son's meteoric rise is one point of lingering interest.
FTX customers and former employees are arguably the individuals hurt the most by Bankman-Fried's alleged actions. What are their hopes for the trial? Braziel. Otherwise,"the criminal trial is kind of a sideshow" and shouldn’t significantly impact bankruptcy proceedings and the payment of customer claims. Through 117 Partners, Braziel has been actively buying FTX customer claims both for his firm and a large institutional player.While much of the media will almost certainly clamor for interesting angles to cover the trial, some crypto proponents simply hope this is the last chapter in a painful saga.
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