The FTX co-founder and Alameda CEO didn’t hold back at SBF’s trial (Chain Reaction)
Equity
English - October 14, 2023 16:00 - 10 minutes - 9.99 MB - ★★★★ - 321 ratingsBusiness Technology startups finance venture capital founders stock market business news silicon valley techcrunch news ipo Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
This week, we have a bonus mini episode where Jacquelyn talks with TechCrunch+ editor-in-chief Alex Wilhelm to dive back into the Sam Bankman-Fried trial and what has transpired in its second week.
Major witnesses who were involved in the downfall of FTX and its sister company Alameda testified like Gary Wang, CTO and cofounder of FTX, and Caroline Ellison, CEO of Alameda.
The two of them plead guilty to a number of charges and could face maximum sentences of 50 to 110 years, respectively. It’s also worth noting Wang and Ellison testified as part of a cooperation agreement for pleading guilty.
Jacquelyn and Alex talk about key points from the trial, anecdotes that you can’t read on a transcript and what she anticipates from both the prosecutors and defense going forward.
Want more? Here’s the latest on the SBF trial:
Former Alameda CEO Caroline Ellison explains how FTX hid losses, sandbagged lendersAlameda Research allegedly paid Chinese officials around $150M to regain $1B worth of exchange accountsAlameda Research’s ex-CEO Caroline Ellison testifies, claims SBF directed her to commit crimesAlameda had a $65B line of credit and ‘unlimited withdrawals’As SBF’s trial heads into its second week, here’s what we know so farChain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on
Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.
Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.