Cross examination of Sam Bankman-Fried began on Monday, led by prosecutor Danielle Sassoon, who clerked for Justice Antonin Scalia and has a law degree from Yale and a bachelor’s degree from Harvard.
Earlier in the day Monday, direct examination concluded with SBF trying to explain why he promised FTX was “fine” in a Tweet on the morning of November 7th, according to CNN. SBF explained away his tweet by saying it wasn’t until the the evening that the market crashed and the company was “risking a solvency crisis”.
And that wasn’t even the best thing he said on Monday indicating he thought everyone else in the world was an idiot other than him…
Sassoon started by hinting at Bankman-Fried’s talent for narrative, which had convinced investors and clients to invest in his firm. Sassoon cited multiple occasions where Bankman-Fried had publicly lauded FTX’s cutting-edge technology and dedication to user safety.
Then, she called out the fact that SBF had publicly endorsed regulation for crypto, according to CNN coverage of the trial. She asked SBF: “That was just for PR, wasn’t it?”
When he responded “no”, she cited a conversation Bankman-Fried had with a journalist where he stated “f*ck regulators” and that his advocacy for regulation was “just PR”. She also referenced another conversation where SBF called some customers “dumb motherf*ckers.”
whenever I hear or see these 20/30 something kids spouting off about their ideas or how they are smarter then everyone else, all I think about is you havent lived long enough to know jack sh#t about life!
now sit down and stfu! oh but there are enough fools out there willing to follow some looney in a tshirt and hoodie!
They deserve their fate!
Fetterman?