Edit: another thing I'm wondering is about jurisdiction, since most of this occurred offshore and didn't involve US customers.
If you want a really detailed overview of his testimony and cross-examination: https://www.youtube.com/@molly0xfff/streams
> do they know where the money went
Not all of it (at least, not for the trial). They showed significant components of it as part of the trial, but they don't need to show a super detailed breakdown of every single dollar as part of the trial, so I don't think we got that.
> If not, how did they prove intent (I assume they proved intent)?
Circumstantial evidence and witness testimony mostly. Including a cross-examination of Sam that thoroughly undermined his credibility.
https://www.youtube.com/@overpricedjpegs
Extremely informative and fun to watch (if you can get past the "sponsor breaks" for NFT platforms and the like).
As a defendant you have a right to not testify at all. You can decide not to take the stand. No one can request you take the stand, and the prosecution absolutely cannot make arguments about your decision not to take the stand in front of the jury.
But if you do take the stand, then the prosecution gets to ask you questions that you must answer (unless there’s a sustained objection about the specific question).
This is why so often defendants do not testify. Testifying on direct (when the defendant’s lawyer is the one asking questions) will almost always help the defendant. But the risks created by exposing oneself to cross examination are massive, so most choose not to take the stand.
1. To pay for Alameda's (Sam Bankman Fried's hedge fund) and FTX's loses
2. Invest in venture capital and make acquisitions
3. Political donations
4. Charitable donations
5. Luxury real-estate, boats, etc.
6. "loans" (i.e. transfer of stolen funds) to FTX's top executives
RE: Intent - Intent was easy to prove. All of Sam Bankman-Fried's fellow executives testified against him. In addition, Sam Bankman-Fried gave several interviews after FTX's collapse where he basically admitted he lied, fucked up, etc. Also, there was a lot of documents proving Sam Bankman-Fried lied. A good example is him saying FTX was fine on Twitter (X) and then it collapsed a few days later.
Here are some good FTX resources:
https://newsletter.mollywhite.net/s/the-ftx-files - Molley White did a good job covering the trial.
https://www.justice.gov/usao-sdny/pr/united-states-attorney-... - This site contains the government's indictment against Sam Bankman-Fried.
https://restructuring.ra.kroll.com/FTX/Home-Index - A lot of the FTX bankruptcy documents are on this website.
(Seriously, if you're going to claim that Molly White of all people did a bad job covering cryptocurrency you're going to need to bring receipts.)
Main exhibit would be her editorializing (not reporting) of the industry with her site, https://web3isgoinggreat.com/. Here she posts only negative articles or opinions cherry picked for highlight issues with crypto. Every "hack", every rug-pull, every scam token. In my opinion its a HUGE waste of time and not useful or interesting.
The website she should have built for Web3isGoingGreat.com would be VERY simple, just a like to the home pages for Bitcoin White Paper, then the Monero and Bitcoin Cash home pages. Thats all anyone needs to know about crypto, the rest is a scam.
Etherium is a scam?
Doesn't that mean that you actually agree with her stance and reporting?
Ok, and this is what she writes about.
> And still, 10 years in, a near perfect tract record, people are still unsure about Bitcoin. What's the issue exactly, people are just scared?
A near perfect track record? How?
I think one could have guessed that from your first comment ;-)
There have been tons of articles, podcasts, videos, and tweets about the trial. Evidence was mostly chat logs of SBF ordering crimes and testimony from Caroline, Gary, and Nishad that he ordered them to do crimes.
This is complicated, but often it's possible to try someone in a single country, especially if it's their home country. In CSAM cases this often happens, the facts might happen in Asia, but someone is tried in their home country. I know the law in my country has provisions specifically for this and murder cases among others.