Sam Bankman-Fried wants to ask jurors whether they ever lost money to crypto
Last Updated on 6 November 2023 by CryptoTips.eu
Even though the long-awaited inflation data from the United States was mostly a non-event for Bitcoin, that does not mean that there is no interesting crypto news. For example, Binance in the United States recently fired a third of its staff and Vitalik Buterin confirmed that his social media hack was indeed done via a so-called SIM swap. But the most colorful stories of all came once again from the FTX lawsuit.
Runaway Jury
Sam Bankman-Fried doesn’t have many friends left. Four of his former ‘friends’ have now stated that they will testify against him in the highly anticipated FTX trial that starts on October 3. In order to still gain some sympathy from the jury, his defense therefore adopted the strategy of choosing only well-disposed jurors.
You’ve probably seen it in Hollywood films like ‘The Devil’s Advocate’ and ‘Runaway Jury’.
In the United States, the defense and prosecution teams are allowed to choose from the various available jurors who must then all together form 12 people who are equally sympathetic or hostile to the defendant.
However, because hundreds of thousands of Americans lost money due to the bankruptcy of FTX last year, Sam’s team wants to ask if they are also one of those people. You wouldn’t want to be judged by someone who’s lost a fortune because of you of course.
Parents
Furthermore, Bloomberg wonders whether Sam’s parents, who are both professors at the prestigious Stanford University in California, have made it easier to open doors for FTX.
They were also responsible for choosing Larry David as a celebrity in the biggest commercial that FTX did in 2022, namely during the Superbowl. Larry David has since said he regrets that job.
Finally, a judge has ruled that the 3 billion in recovered crypto assets that the team of John Ray III found, the man who managed the bankruptcy of FTX, can indeed be sold.
As already reported, this is very bad news for Solana. So pay attention to the volatility of that crypto.
