Author: CoinDesk

A defense lawyer and a former prosecutor discuss what SBF’s likely sentence will be, the defense’s hope for an appeal, and whether the government will pursue the second trial.

In this episode of Unchained, Laura does a detailed unpacking of the historic Sam Bankman-Fried trial and verdict with defense lawyer Sam Enzer and former Southern District of New York prosecutor Rich Cooper. They discuss what a thorough job the government did in presenting its case, whether the government will pursue a second trial on campaign finance charges, why it takes so long for sentencing to occur, what the differences between this case and the Bernie Madoff case are, and what Bankman-Fried’s likely sentence will be. 

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Show highlights | 

• How the cross-examination of SBF showed to the jury that he was unreliable, according to Rich
• Why the charge conference with the jury is important to the prosecution for “protecting the record”
• Why the closing argument of the prosecutors was so effective 
• What “conscious avoidance” is and how the prosecutors tried to prove that SBF was guilty of that
• Why SBF’s tweet last November that  "FTX is fine" was the hardest part of the trial for the defense, according to Enzer
• Why Enzer wasn’t surprised by how quickly the jury made its decision 
• What SBF’s strongest argument is for an appeal
• Why Enzer "hopes" that there won't be a second trial against SBF and whether he will plead guilty to the additional charges
• Why the sentencing occurs so many months after the verdict
• How this case is similar, but also different, from the Bernie Madoff case
• How many years SBF could spend in prison, according to Enzer and Cooper
• When cooperating witnesses such as Caroline Ellison, Nishad Singh, and Gary Wang are likely to get sentenced

Thank you to our sponsors! Crypto.com  | LayerZero  | Popcorn Network

Guests | 

Sam Enzer, partner at Cahill Gordon & Reindel.

Previous appearances on Unchained: 

Why SBF's Testimony So Far Has Likely Already Doomed Him

Another Bad Week for Sam Bankman-Fried in His Criminal Trial

Why These Lawyers Say It's Over for SBF-But His Only Hail Mary Is to Testify

SBF Trial: How Sam Bankman-Fried’s Lawyers Might Try and Win His Case

SBF’s Lawyers Could Be Annoying the Judge. How Might That Impact the Trial?

Rich Cooper, Former SDNY prosecutor

Links | 

Previous coverage by Unchained on the trial of Sam Bankman-Fried:

How Heated Sidebars During the SBF Trial Could Impact the Jury’s Decision

SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBF’s Family

SBF Trial, Day 2: DOJ Says Sam Bankman-Fried ‘Lied’ While Defense Claims His Actions Were ‘Reasonable’

SBF Trial, Day 3: Why a True Believer in FTX Flipped Once He Learned One Fact

SBF Trial, Day 4: SBF’s Lawyers Annoy Judge Kaplan, While Wang Reveals Alameda’s Special Privileges

Sam Bankman-Fried Trial: Here's Everything That Happened So Far

SBF Trial, Day 5: SBF's Defense Finally Found Its Legs, But Can It Counter Caroline Ellison?

SBF Trial, Day 6: Caroline Ellison Recalls 'The Worst Week of My Life'

SBF Trial, Day 7: In SBF Trial, Did the Defense Lose Its Opportunity With the Star Witness?

SBF Trial, Day 8: Former BlockFi CEO Adds Credibility to Fraud Charges 

SBF Trial, Day 9: Nishad Singh Describes Former FTX CEO as a Bully and Big Spender

SBF Trial, Day 10: Defense Struggles to Discredit Nishad Singh's Testimony

SBF Trial, Day 11: How Alameda Got FTX Into a $9 Billion Hole

SBF Trial, Day 12: Former FTX General Counsel Speaks Out Against SBF

SBF Trial, Day 13: Before Judge, Former FTX CEO Sam Bankman-Fried Gives Few Straight Answers

SBF Trial, Day 14: Sam Bankman-Fried Casts Blame on Others for Key Decisions at FTX

SBF Trial, Day 15: Prosecutors Hammer Bankman-Fried’s Contradictions With Reams of Evidence

SBF Trial, Day 16: In Final Cross Examination, SBF Gets Caught Again by His Own Words

SBF Trial, Day 17: Closing Arguments Ask: ‘Villain or Good-Faith Actor?’ 

SBF Trial, Day 18: Sam Bankman-Fried Found Guilty on All 7 Counts in Swift Verdict

Did Sam Bankman-Fried Have Intent to Defraud FTX Investors?

Katie Haun’s thoughts on the sentencing

Protos: Sam Bankman-Fried caught deleting more tweets that aged like milk

Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The FTX founder still faces potential post-trial motions, sentencing and perhaps another trial.

Link to story: 'What's Next for Sam Bankman-Fried's Legal Case'

Sign up for The SBF Trial Newsletter

Credits: Nikhilesh De, Sandali Handagama, Wondercraft AI Voice

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores crypto fund inflows, a development in Asia, the US lending outlook and more.

Today's episode is sponsored by CME Group and PayPal.

To get the show every day, follow the podcast here.

Today’s Stories:

Crypto Funds See $767M Six-Week Inflow, Best Since 2021 Bull Market: CoinShares 

CoinShares Digital Asset Fund Flows Weekly 

Hong Kong Now Considering Spot Crypto ETFs for Retail Investors: Bloomberg 

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From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. Participate in The Crypto Classic: Cryptocurrency Futures and Options Trading Challenge from Dec. 10-15 for the chance to win cash prizes. Compete against your peers while test-driving strategies for Bitcoin and Ether futures and options trading in a risk-free simulated environment. Visit https://www.cmegroup.com/cryptoclassic to find out more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get started now at paypal.com/pyusd.

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This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

Summary

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores crypto fund inflows, a development in Asia, the US lending outlook and more.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode of “Gen C”, we are re-airing our conversation with Marc Mathieu, the co-founder of the Web3 Studio at Salesforce and was previously CMO at Samsung Americas. He has held senior marketing positions with Unilever, Coca-Cola, among others. His unique and provocative approach to a Web3 strategy is a must listen for all marketers.

Today's episode is sponsored by Chainalysis.

The Web3 Studio at Salesforce is focused on bringing hundreds of thousands of brands large and small into the Web3 universe. As the largest SAAS company in the world, unlike Nike or Starbucks, Salesforce is not focused on the end consumer, but on the business layer that lies in between. Avery and Sam sit down with Marc to discuss his career, why he is so passionate about Web3 and Salesforce’s role in it. They also dive into key lessons from Marc’s career that affect his perspective on the new internet.

Links mentioned from the podcast: 

• Salesforce’s Web3 Modules
• Marc's Twitter
• Salesforce Website

Follow us on Twitter: 

• Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

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From our sponsor:

Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, web3 companies, financial institutions, and insurance and cybersecurity companies. Our data powers investigation, compliance, and business intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.

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"Gen C" features hosts Sam Ewen and Avery Akkineni, with editing by Jonas Huck. Executive produced by Jared Schwartz and produced by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores trading volumes, layer 2 blockchains, U.S. business activity and more.

Today's episode is sponsored by CME Group and PayPal.

To get the show every day, follow the podcast here.

Today’s Stories:

Coinbase Global, Inc. Third Quarter 2023 Earnings Call November 2, 2023 Anil Gupta, Vice President, Investor Relations 

Coinbase Shareholder Letter

Coinbase Officially Launches Base Blockchain in Milestone for a Public Company 

DefiLlama Base

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From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. Participate in The Crypto Classic: Cryptocurrency Futures and Options Trading Challenge from Dec. 10-15 for the chance to win cash prizes. Compete against your peers while test-driving strategies for Bitcoin and Ether futures and options trading in a risk-free simulated environment. Visit https://www.cmegroup.com/cryptoclassic to find out more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get started now at paypal.com/pyusd.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In a rare interview, two Genesis creditors discuss their dealings with the lender and DCG, including the sales pitch that got them to give Genesis new loans after the 3AC debacle. 

Two Genesis creditors, BJ and Branden, who prefer to use pseudonyms for security reasons, spoke with Unchained about the alleged fraud by the crypto lender and its parent company, Digital Currency Group (DCG). The discussion is one of the first times Genesis creditors have spoken with a media organization about the situation. 

BJ and Branden explain how they gave more loans to Genesis after it took a $1.1 billion hit from the liquidation of Three Arrows Capital and how they then came to be members of the ad hoc group, a collective of Genesis customers who came together to try and save the company from bankruptcy. 

They talk about how they now want DCG to pay back the $1.1 billion it owes over a shorter timeframe and to pay back any Bitcoin in actual Bitcoin. The discussion with Unchained followed shortly after New York Attorney General Leticia James filed a lawsuit against Genesis, along with its parent company Digital Currency Group, and Gemini Trust.  

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

Show highlights | 

• What NYAG Letitia James alleged in the lawsuit against Gemini, DCG, and Genesis
• How BJ and Branden became creditors of Genesis
• How Genesis claimed it got into what it called a “liquidity mismatch”
• How, after the Three Arrows Capital collapse, BJ and Branden were reassured that Genesis had "no issues" and "was back to business" 
• Whether the trading and lending units of Genesis were all part of the same company and why that distinction is important.
• What the difference is between the ad hoc group and an unsecured creditors committee
• What the creditors are proposing in order to get their assets back
• Why the creditors want to be paid in crypto, not in USD
• Whether the case will go to litigation and what Silbert can do to avoid it

Thank you to our sponsors!  | Crypto.com | Arbitrum Foundation | Phemex

| Popcorn Network

Guests|

Branden, Creditor of Genesis

BJ, Creditor of Genesis

Links |

Previous coverage of Unchained on Genesis and DCG:

Genesis May Be Facing Bankruptcy. Could It Take DCG Down With It?

Gemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy?

$630M Due Next Week: Is DCG at Default Risk?

NYAG Lawsuit

Unchained: 

NY Attorney General Sues Crypto Firms Gemini, Genesis, and DCG for Over $1 Billion Fraud

The Block:

DCG says it was 'blind sided' by NYAG suit in third quarter shareholder letter

Genesis, Gemini, DCG disputes

Unchained: 

Gemini Says DCG Missed $630 Million Payment Last Week

Cameron Winklevoss Threatens to Sue DCG and Barry Silbert Over Delays in Genesis Resolution

DCG Calls Gemini Lawsuit a ‘Publicity Stunt’ From Cameron Winklevoss

DCG Calls Gemini’s Complaint a PR Campaign in Motion to Dismiss Lawsuit

FTX and Genesis Reach $175 Million Settlement, Resolving Complex Dispute

DCG and Genesis Reach In-Principle Deal With Creditors

Gemini and Genesis Creditor Groups Object to In-Principle Deal to Resolve Bankruptcy

Genesis Winds Down its US Spot Crypto Trading Operation

Genesis Sues Parent Company DCG, Seeks Repayment of $600 Million

DCG Proposes Remuneration Plan That Could Enable Gemini Earn Users to Be Made Whole

Genesis Winds Down All Crypto Trading Services: Report

Gemini Pushes Back on DCG’s Remuneration Proposal, Calling it an ‘Attempt to Bait’ Earn Users

Disclaimer:

Genesis and CoinDesk are both owned by DCG.

Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

With Bitcoin ETFs round the corner, financial institutions are gearing up to promote BTC investing. The message is likely to obscure Bitcoin’s origins but could be useful for native-crypto companies, argue Dave Birnbaum and David Waugh, from Coinbits.

Today's episode is sponsored by CME Group and PayPal.

To get the show every day, follow the podcast here.

Today’s featured story is an opinion piece from Dave Birnbaum and David Waugh, titled: “What Will Wall Street’s Bitcoin Narrative Be?”

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From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get started now at paypal.com/pyusd.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

CoinDesk Indices presents six notable market movement highlights from last week.

Today's episode is sponsored by CME Group and PayPal.

To get the show every day, follow the podcast here.

The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. Today’s takeaways are provided by Tracy Stephens of CoinDesk Indices with additional analysis from Colton Dillion, CEO of Hedgehog. For more on the CMI you can visit: http://coindeskmarkets.com/

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From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get started now at paypal.com/pyusd.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Noelle Acheson, the mind behind the Crypto Is Macro Now newsletter, explores market reactions to the employment data, gold buying, bitcoin vs. ether investment theses and more.

Today's episode is sponsored by CME Group and PayPal.

To get the show every day, follow the podcast here.

Today’s Stories:

15 Years After the Bitcoin White Paper, Bitcoin Builder Culture Flourishes 

Ethereum’s Dencun Upgrade Is a Step Toward a Scalable Settlement Layer: Goldman Sachs 

Gold Demand Trends Q3 2023 

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From our sponsors:

CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.

Disclaimer:

This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.

-

PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD.

Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents. Buy, sell, hold and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years.

Get started now at paypal.com/pyusd.

-

This episode was hosted by Noelle Acheson. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sam Bankman-Fried was found guilty. Twelve jurors spent less than five hours deciding the facts. They asked for portions of transcripts from Paradigm's Matt Huang and Third Point's Robert Boroujerdi testimony, as well as highlighters and Post-it Notes, and when they didn't immediately receive the version of the indictment, they requested that too.

Link to story: 'Unanimous Verdict, Your Honor': Sam Bankman-Fried's Conviction Was Inevitable

Sign up for The SBF Trial Newsletter

Credits: Marc Hochstein, Nikhilesh De and Wondercraft AI Voice

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.