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1700	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run SBF, as he’s known, has pleaded not-guilty to some seven charges of fraud and conspiracy. But, as we wait to hear both his version and the government’s version of what happened, there will be another tale recounting how things played out: “Going Infinite,” a book by Michael Lewis chronicling the rise and fall of SBF, is set to debut on the first day of the trial. The episode has fired up a lot of people, indignant at what they feel was too-easy treatment for someone who many believe brought down the whole crypto house. 60 Minutes got rightly community noted here. How is it that SBF is _still_ getting super positive media coverage when the media has nothing good to say about the founders that have actually created things and brought value into the world? https://t.co/VPV1ORVHqf — tobi lutke (@tobi) October 2, 2023 The germination of “Going Infinite” sounds as unlikely as the story of SBF himself.
1701	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run But, as we wait to hear both his version and the government’s version of what happened, there will be another tale recounting how things played out: “Going Infinite,” a book by Michael Lewis chronicling the rise and fall of SBF, is set to debut on the first day of the trial. The episode has fired up a lot of people, indignant at what they feel was too-easy treatment for someone who many believe brought down the whole crypto house. 60 Minutes got rightly community noted here. How is it that SBF is _still_ getting super positive media coverage when the media has nothing good to say about the founders that have actually created things and brought value into the world? https://t.co/VPV1ORVHqf — tobi lutke (@tobi) October 2, 2023 The germination of “Going Infinite” sounds as unlikely as the story of SBF himself. In an interview broadcast yesterday on 60 Minutes, Lewis, the famed chronicler of financial adventure and misadventure — his books include “Liar’s Poker,” “Moneyball” and “The Big Short” — said that he didn’t set out to write a book about SBF.
1702	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run The episode has fired up a lot of people, indignant at what they feel was too-easy treatment for someone who many believe brought down the whole crypto house. 60 Minutes got rightly community noted here. How is it that SBF is _still_ getting super positive media coverage when the media has nothing good to say about the founders that have actually created things and brought value into the world? https://t.co/VPV1ORVHqf — tobi lutke (@tobi) October 2, 2023 The germination of “Going Infinite” sounds as unlikely as the story of SBF himself. In an interview broadcast yesterday on 60 Minutes, Lewis, the famed chronicler of financial adventure and misadventure — his books include “Liar’s Poker,” “Moneyball” and “The Big Short” — said that he didn’t set out to write a book about SBF. Rather, Lewis claims he was introduced to him in early 2021 by a friend who wanted to back FTX.
1703	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run 60 Minutes got rightly community noted here. How is it that SBF is _still_ getting super positive media coverage when the media has nothing good to say about the founders that have actually created things and brought value into the world? https://t.co/VPV1ORVHqf — tobi lutke (@tobi) October 2, 2023 The germination of “Going Infinite” sounds as unlikely as the story of SBF himself. In an interview broadcast yesterday on 60 Minutes, Lewis, the famed chronicler of financial adventure and misadventure — his books include “Liar’s Poker,” “Moneyball” and “The Big Short” — said that he didn’t set out to write a book about SBF. Rather, Lewis claims he was introduced to him in early 2021 by a friend who wanted to back FTX. Before any financial commitment, that friend asked Lewis to meet the young billionaire — both lived in Berkeley — to “evaluate his character.” No, we don’t find out who that friend is, nor do we find out if that particular investment was ever made — SBF did raise some $2 billion, including $1 billion in 2021, from backers that included Sequoia, Temasek, Tiger Global and dozens more.
1704	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run In an interview broadcast yesterday on 60 Minutes, Lewis, the famed chronicler of financial adventure and misadventure — his books include “Liar’s Poker,” “Moneyball” and “The Big Short” — said that he didn’t set out to write a book about SBF. Rather, Lewis claims he was introduced to him in early 2021 by a friend who wanted to back FTX. Before any financial commitment, that friend asked Lewis to meet the young billionaire — both lived in Berkeley — to “evaluate his character.” No, we don’t find out who that friend is, nor do we find out if that particular investment was ever made — SBF did raise some $2 billion, including $1 billion in 2021, from backers that included Sequoia, Temasek, Tiger Global and dozens more. But we do find out that another investment, of sorts, was made on that day: Lewis himself was so taken with the idea of SBF and his apparent brilliance that he came away with the decision to write about him.
1705	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run Rather, Lewis claims he was introduced to him in early 2021 by a friend who wanted to back FTX. Before any financial commitment, that friend asked Lewis to meet the young billionaire — both lived in Berkeley — to “evaluate his character.” No, we don’t find out who that friend is, nor do we find out if that particular investment was ever made — SBF did raise some $2 billion, including $1 billion in 2021, from backers that included Sequoia, Temasek, Tiger Global and dozens more. But we do find out that another investment, of sorts, was made on that day: Lewis himself was so taken with the idea of SBF and his apparent brilliance that he came away with the decision to write about him. “Eighteen months earlier, he had nothing. Now he had $22.5 billion.
1706	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run Rather, Lewis claims he was introduced to him in early 2021 by a friend who wanted to back FTX. Before any financial commitment, that friend asked Lewis to meet the young billionaire — both lived in Berkeley — to “evaluate his character.” No, we don’t find out who that friend is, nor do we find out if that particular investment was ever made — SBF did raise some $2 billion, including $1 billion in 2021, from backers that included Sequoia, Temasek, Tiger Global and dozens more. But we do find out that another investment, of sorts, was made on that day: Lewis himself was so taken with the idea of SBF and his apparent brilliance that he came away with the decision to write about him. “Eighteen months earlier, he had nothing. Now he had $22.5 billion. He was the richest person in the world under 30 [and] he was going to spend it to save humanity from extinction,” he said.
1707	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run Before any financial commitment, that friend asked Lewis to meet the young billionaire — both lived in Berkeley — to “evaluate his character.” No, we don’t find out who that friend is, nor do we find out if that particular investment was ever made — SBF did raise some $2 billion, including $1 billion in 2021, from backers that included Sequoia, Temasek, Tiger Global and dozens more. But we do find out that another investment, of sorts, was made on that day: Lewis himself was so taken with the idea of SBF and his apparent brilliance that he came away with the decision to write about him. “Eighteen months earlier, he had nothing. Now he had $22.5 billion. He was the richest person in the world under 30 [and] he was going to spend it to save humanity from extinction,” he said. “My jaw was on the floor.” The two proceeded to meet more than 100 times over the next two years.
1708	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run But we do find out that another investment, of sorts, was made on that day: Lewis himself was so taken with the idea of SBF and his apparent brilliance that he came away with the decision to write about him. “Eighteen months earlier, he had nothing. Now he had $22.5 billion. He was the richest person in the world under 30 [and] he was going to spend it to save humanity from extinction,” he said. “My jaw was on the floor.” The two proceeded to meet more than 100 times over the next two years. As SBF’s fame and his company’s bank account grew, 60 Minutes itself even got involved. The program shot (and it shows here) one segment with SBF talking as he shuffles cards with his leg twitching nervously behind his desk (why?
1709	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run But we do find out that another investment, of sorts, was made on that day: Lewis himself was so taken with the idea of SBF and his apparent brilliance that he came away with the decision to write about him. “Eighteen months earlier, he had nothing. Now he had $22.5 billion. He was the richest person in the world under 30 [and] he was going to spend it to save humanity from extinction,” he said. “My jaw was on the floor.” The two proceeded to meet more than 100 times over the next two years. As SBF’s fame and his company’s bank account grew, 60 Minutes itself even got involved. The program shot (and it shows here) one segment with SBF talking as he shuffles cards with his leg twitching nervously behind his desk (why? we don’t find this out, either) as Lewis, with a flourish of his pen and a look of concentration on his face, dashes off notes on his yellow legal pad.
1710	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run “Eighteen months earlier, he had nothing. Now he had $22.5 billion. He was the richest person in the world under 30 [and] he was going to spend it to save humanity from extinction,” he said. “My jaw was on the floor.” The two proceeded to meet more than 100 times over the next two years. As SBF’s fame and his company’s bank account grew, 60 Minutes itself even got involved. The program shot (and it shows here) one segment with SBF talking as he shuffles cards with his leg twitching nervously behind his desk (why? we don’t find this out, either) as Lewis, with a flourish of his pen and a look of concentration on his face, dashes off notes on his yellow legal pad. Later in the show, you get other behind-the-scenes, unnerving glimpses of how the wizard operated behind the curtain.
1711	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run “Eighteen months earlier, he had nothing. Now he had $22.5 billion. He was the richest person in the world under 30 [and] he was going to spend it to save humanity from extinction,” he said. “My jaw was on the floor.” The two proceeded to meet more than 100 times over the next two years. As SBF’s fame and his company’s bank account grew, 60 Minutes itself even got involved. The program shot (and it shows here) one segment with SBF talking as he shuffles cards with his leg twitching nervously behind his desk (why? we don’t find this out, either) as Lewis, with a flourish of his pen and a look of concentration on his face, dashes off notes on his yellow legal pad. Later in the show, you get other behind-the-scenes, unnerving glimpses of how the wizard operated behind the curtain. For instance, Lewis recounts how he was in the room when SBF made his first television appearance.
1712	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run He was the richest person in the world under 30 [and] he was going to spend it to save humanity from extinction,” he said. “My jaw was on the floor.” The two proceeded to meet more than 100 times over the next two years. As SBF’s fame and his company’s bank account grew, 60 Minutes itself even got involved. The program shot (and it shows here) one segment with SBF talking as he shuffles cards with his leg twitching nervously behind his desk (why? we don’t find this out, either) as Lewis, with a flourish of his pen and a look of concentration on his face, dashes off notes on his yellow legal pad. Later in the show, you get other behind-the-scenes, unnerving glimpses of how the wizard operated behind the curtain. For instance, Lewis recounts how he was in the room when SBF made his first television appearance. “If you watch the clip, you’ll see his eyes going back and forth,” he said.
1713	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run “My jaw was on the floor.” The two proceeded to meet more than 100 times over the next two years. As SBF’s fame and his company’s bank account grew, 60 Minutes itself even got involved. The program shot (and it shows here) one segment with SBF talking as he shuffles cards with his leg twitching nervously behind his desk (why? we don’t find this out, either) as Lewis, with a flourish of his pen and a look of concentration on his face, dashes off notes on his yellow legal pad. Later in the show, you get other behind-the-scenes, unnerving glimpses of how the wizard operated behind the curtain. For instance, Lewis recounts how he was in the room when SBF made his first television appearance. “If you watch the clip, you’ll see his eyes going back and forth,” he said. “It’s because he’s trying to win his video game at the same time he’s on the air.” “If you watch the clip, you’ll see his eyes going back and forth.
1714	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run As SBF’s fame and his company’s bank account grew, 60 Minutes itself even got involved. The program shot (and it shows here) one segment with SBF talking as he shuffles cards with his leg twitching nervously behind his desk (why? we don’t find this out, either) as Lewis, with a flourish of his pen and a look of concentration on his face, dashes off notes on his yellow legal pad. Later in the show, you get other behind-the-scenes, unnerving glimpses of how the wizard operated behind the curtain. For instance, Lewis recounts how he was in the room when SBF made his first television appearance. “If you watch the clip, you’ll see his eyes going back and forth,” he said. “It’s because he’s trying to win his video game at the same time he’s on the air.” “If you watch the clip, you’ll see his eyes going back and forth. It’s because he’s trying to win his video game at the same time he’s on the air.” Michael Lewis Friendships and lucrative marketing deals followed, with sports icons like Tom Brady (who was paid $55 million) and Steph Curry ($35 million) to “lend FTX legitimacy and edge.” Even Anna Wintour, the icy fashion doyenne, was in contact: She reached out, over what must have been a hell of a Zoom meeting, to ask SBF — whose preferred get-up is/was wildly curly hair, t-shirts and cargo shorts — to sponsor her very fancy Met Costume Ball.
1715	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run “If you watch the clip, you’ll see his eyes going back and forth,” he said. “It’s because he’s trying to win his video game at the same time he’s on the air.” “If you watch the clip, you’ll see his eyes going back and forth. It’s because he’s trying to win his video game at the same time he’s on the air.” Michael Lewis Friendships and lucrative marketing deals followed, with sports icons like Tom Brady (who was paid $55 million) and Steph Curry ($35 million) to “lend FTX legitimacy and edge.” Even Anna Wintour, the icy fashion doyenne, was in contact: She reached out, over what must have been a hell of a Zoom meeting, to ask SBF — whose preferred get-up is/was wildly curly hair, t-shirts and cargo shorts — to sponsor her very fancy Met Costume Ball. Desperate times!
1716	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run “If you watch the clip, you’ll see his eyes going back and forth,” he said. “It’s because he’s trying to win his video game at the same time he’s on the air.” “If you watch the clip, you’ll see his eyes going back and forth. It’s because he’s trying to win his video game at the same time he’s on the air.” Michael Lewis Friendships and lucrative marketing deals followed, with sports icons like Tom Brady (who was paid $55 million) and Steph Curry ($35 million) to “lend FTX legitimacy and edge.” Even Anna Wintour, the icy fashion doyenne, was in contact: She reached out, over what must have been a hell of a Zoom meeting, to ask SBF — whose preferred get-up is/was wildly curly hair, t-shirts and cargo shorts — to sponsor her very fancy Met Costume Ball. Desperate times! As trades on FTX climbed up to $15 billion/day, SBF, of course, also got tied up in the corridors of political power.
1717	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run “It’s because he’s trying to win his video game at the same time he’s on the air.” “If you watch the clip, you’ll see his eyes going back and forth. It’s because he’s trying to win his video game at the same time he’s on the air.” Michael Lewis Friendships and lucrative marketing deals followed, with sports icons like Tom Brady (who was paid $55 million) and Steph Curry ($35 million) to “lend FTX legitimacy and edge.” Even Anna Wintour, the icy fashion doyenne, was in contact: She reached out, over what must have been a hell of a Zoom meeting, to ask SBF — whose preferred get-up is/was wildly curly hair, t-shirts and cargo shorts — to sponsor her very fancy Met Costume Ball. Desperate times! As trades on FTX climbed up to $15 billion/day, SBF, of course, also got tied up in the corridors of political power. Lewis said that he met with the young crypto king ahead of him seeing Mitch McConnell to discuss how he could fund political candidates who were looking to offset Trump’s influence in the Republican Party.
1718	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run It’s because he’s trying to win his video game at the same time he’s on the air.” Michael Lewis Friendships and lucrative marketing deals followed, with sports icons like Tom Brady (who was paid $55 million) and Steph Curry ($35 million) to “lend FTX legitimacy and edge.” Even Anna Wintour, the icy fashion doyenne, was in contact: She reached out, over what must have been a hell of a Zoom meeting, to ask SBF — whose preferred get-up is/was wildly curly hair, t-shirts and cargo shorts — to sponsor her very fancy Met Costume Ball. Desperate times! As trades on FTX climbed up to $15 billion/day, SBF, of course, also got tied up in the corridors of political power. Lewis said that he met with the young crypto king ahead of him seeing Mitch McConnell to discuss how he could fund political candidates who were looking to offset Trump’s influence in the Republican Party. We find out that the gravitational pull of cargo shorts was a tough one to pull away from: The suit SBF brought to wear to the McConnell meeting was tightly balled up under his arm with his dress shoes falling out of the middle of the bundle.
1719	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run Desperate times! As trades on FTX climbed up to $15 billion/day, SBF, of course, also got tied up in the corridors of political power. Lewis said that he met with the young crypto king ahead of him seeing Mitch McConnell to discuss how he could fund political candidates who were looking to offset Trump’s influence in the Republican Party. We find out that the gravitational pull of cargo shorts was a tough one to pull away from: The suit SBF brought to wear to the McConnell meeting was tightly balled up under his arm with his dress shoes falling out of the middle of the bundle. We’ve all been there, Sam. (Well, perhaps not Anna.) Lewis also claimed that SBF had concocted a plan to buy off Trump, to get him not to run again for president. “Like how much would it take to get an answer?” Lewis recounted.
1720	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run Desperate times! As trades on FTX climbed up to $15 billion/day, SBF, of course, also got tied up in the corridors of political power. Lewis said that he met with the young crypto king ahead of him seeing Mitch McConnell to discuss how he could fund political candidates who were looking to offset Trump’s influence in the Republican Party. We find out that the gravitational pull of cargo shorts was a tough one to pull away from: The suit SBF brought to wear to the McConnell meeting was tightly balled up under his arm with his dress shoes falling out of the middle of the bundle. We’ve all been there, Sam. (Well, perhaps not Anna.) Lewis also claimed that SBF had concocted a plan to buy off Trump, to get him not to run again for president. “Like how much would it take to get an answer?” Lewis recounted. “There was a number that was kicking around… this was $5 billion.” He said that Sam was never sure whether that figure came directly from Trump.
1721	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run Lewis said that he met with the young crypto king ahead of him seeing Mitch McConnell to discuss how he could fund political candidates who were looking to offset Trump’s influence in the Republican Party. We find out that the gravitational pull of cargo shorts was a tough one to pull away from: The suit SBF brought to wear to the McConnell meeting was tightly balled up under his arm with his dress shoes falling out of the middle of the bundle. We’ve all been there, Sam. (Well, perhaps not Anna.) Lewis also claimed that SBF had concocted a plan to buy off Trump, to get him not to run again for president. “Like how much would it take to get an answer?” Lewis recounted. “There was a number that was kicking around… this was $5 billion.” He said that Sam was never sure whether that figure came directly from Trump. And no, we don’t find out if he ever did wire anything to camp Trump.
1722	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run Lewis said that he met with the young crypto king ahead of him seeing Mitch McConnell to discuss how he could fund political candidates who were looking to offset Trump’s influence in the Republican Party. We find out that the gravitational pull of cargo shorts was a tough one to pull away from: The suit SBF brought to wear to the McConnell meeting was tightly balled up under his arm with his dress shoes falling out of the middle of the bundle. We’ve all been there, Sam. (Well, perhaps not Anna.) Lewis also claimed that SBF had concocted a plan to buy off Trump, to get him not to run again for president. “Like how much would it take to get an answer?” Lewis recounted. “There was a number that was kicking around… this was $5 billion.” He said that Sam was never sure whether that figure came directly from Trump. And no, we don’t find out if he ever did wire anything to camp Trump. That would be a wonderful detail to get teased out in the trial, though.
1723	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run We find out that the gravitational pull of cargo shorts was a tough one to pull away from: The suit SBF brought to wear to the McConnell meeting was tightly balled up under his arm with his dress shoes falling out of the middle of the bundle. We’ve all been there, Sam. (Well, perhaps not Anna.) Lewis also claimed that SBF had concocted a plan to buy off Trump, to get him not to run again for president. “Like how much would it take to get an answer?” Lewis recounted. “There was a number that was kicking around… this was $5 billion.” He said that Sam was never sure whether that figure came directly from Trump. And no, we don’t find out if he ever did wire anything to camp Trump. That would be a wonderful detail to get teased out in the trial, though. And lest you think Biden and the Democrats have their hands clean of SBF… think again: He also looked to back candidates on that side of the aisle.
1724	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run We’ve all been there, Sam. (Well, perhaps not Anna.) Lewis also claimed that SBF had concocted a plan to buy off Trump, to get him not to run again for president. “Like how much would it take to get an answer?” Lewis recounted. “There was a number that was kicking around… this was $5 billion.” He said that Sam was never sure whether that figure came directly from Trump. And no, we don’t find out if he ever did wire anything to camp Trump. That would be a wonderful detail to get teased out in the trial, though. And lest you think Biden and the Democrats have their hands clean of SBF… think again: He also looked to back candidates on that side of the aisle. You never know when you might need a friend!
1725	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run We’ve all been there, Sam. (Well, perhaps not Anna.) Lewis also claimed that SBF had concocted a plan to buy off Trump, to get him not to run again for president. “Like how much would it take to get an answer?” Lewis recounted. “There was a number that was kicking around… this was $5 billion.” He said that Sam was never sure whether that figure came directly from Trump. And no, we don’t find out if he ever did wire anything to camp Trump. That would be a wonderful detail to get teased out in the trial, though. And lest you think Biden and the Democrats have their hands clean of SBF… think again: He also looked to back candidates on that side of the aisle. You never know when you might need a friend! The hard crash All of that activity, of course, came to a crashing end: The value of cryptocurrencies on FTX was not banked to much more than speculation and the promise of higher value, and so when those valuations fell, they fell very, very hard.
1726	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run “Like how much would it take to get an answer?” Lewis recounted. “There was a number that was kicking around… this was $5 billion.” He said that Sam was never sure whether that figure came directly from Trump. And no, we don’t find out if he ever did wire anything to camp Trump. That would be a wonderful detail to get teased out in the trial, though. And lest you think Biden and the Democrats have their hands clean of SBF… think again: He also looked to back candidates on that side of the aisle. You never know when you might need a friend! The hard crash All of that activity, of course, came to a crashing end: The value of cryptocurrencies on FTX was not banked to much more than speculation and the promise of higher value, and so when those valuations fell, they fell very, very hard. What we already knew was that SBF has been denied bail; his name is mud (or much worse) among those who have lost money in Alameda or FTX; and those who might not have had positions in these still blame him for other crypto woes because he set off a ripple effect.
1727	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run And no, we don’t find out if he ever did wire anything to camp Trump. That would be a wonderful detail to get teased out in the trial, though. And lest you think Biden and the Democrats have their hands clean of SBF… think again: He also looked to back candidates on that side of the aisle. You never know when you might need a friend! The hard crash All of that activity, of course, came to a crashing end: The value of cryptocurrencies on FTX was not banked to much more than speculation and the promise of higher value, and so when those valuations fell, they fell very, very hard. What we already knew was that SBF has been denied bail; his name is mud (or much worse) among those who have lost money in Alameda or FTX; and those who might not have had positions in these still blame him for other crypto woes because he set off a ripple effect. “He doesn’t come off good at all here.
1728	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run That would be a wonderful detail to get teased out in the trial, though. And lest you think Biden and the Democrats have their hands clean of SBF… think again: He also looked to back candidates on that side of the aisle. You never know when you might need a friend! The hard crash All of that activity, of course, came to a crashing end: The value of cryptocurrencies on FTX was not banked to much more than speculation and the promise of higher value, and so when those valuations fell, they fell very, very hard. What we already knew was that SBF has been denied bail; his name is mud (or much worse) among those who have lost money in Alameda or FTX; and those who might not have had positions in these still blame him for other crypto woes because he set off a ripple effect. “He doesn’t come off good at all here. You can tell he had no experience in management or handling such big undertakings.
1729	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run And lest you think Biden and the Democrats have their hands clean of SBF… think again: He also looked to back candidates on that side of the aisle. You never know when you might need a friend! The hard crash All of that activity, of course, came to a crashing end: The value of cryptocurrencies on FTX was not banked to much more than speculation and the promise of higher value, and so when those valuations fell, they fell very, very hard. What we already knew was that SBF has been denied bail; his name is mud (or much worse) among those who have lost money in Alameda or FTX; and those who might not have had positions in these still blame him for other crypto woes because he set off a ripple effect. “He doesn’t come off good at all here. You can tell he had no experience in management or handling such big undertakings. I think he was in way over his head,” Ayelet Noff, the CEO and founder of public relations firm Sliced Brand, which represents a number of cryptocurrency businesses, told TechCrunch.
1730	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run You never know when you might need a friend! The hard crash All of that activity, of course, came to a crashing end: The value of cryptocurrencies on FTX was not banked to much more than speculation and the promise of higher value, and so when those valuations fell, they fell very, very hard. What we already knew was that SBF has been denied bail; his name is mud (or much worse) among those who have lost money in Alameda or FTX; and those who might not have had positions in these still blame him for other crypto woes because he set off a ripple effect. “He doesn’t come off good at all here. You can tell he had no experience in management or handling such big undertakings. I think he was in way over his head,” Ayelet Noff, the CEO and founder of public relations firm Sliced Brand, which represents a number of cryptocurrency businesses, told TechCrunch. “I think he does a disservice to the whole community.
1731	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run The hard crash All of that activity, of course, came to a crashing end: The value of cryptocurrencies on FTX was not banked to much more than speculation and the promise of higher value, and so when those valuations fell, they fell very, very hard. What we already knew was that SBF has been denied bail; his name is mud (or much worse) among those who have lost money in Alameda or FTX; and those who might not have had positions in these still blame him for other crypto woes because he set off a ripple effect. “He doesn’t come off good at all here. You can tell he had no experience in management or handling such big undertakings. I think he was in way over his head,” Ayelet Noff, the CEO and founder of public relations firm Sliced Brand, which represents a number of cryptocurrency businesses, told TechCrunch. “I think he does a disservice to the whole community. He pushed back crypto adoption by at least a year or two.
1732	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run What we already knew was that SBF has been denied bail; his name is mud (or much worse) among those who have lost money in Alameda or FTX; and those who might not have had positions in these still blame him for other crypto woes because he set off a ripple effect. “He doesn’t come off good at all here. You can tell he had no experience in management or handling such big undertakings. I think he was in way over his head,” Ayelet Noff, the CEO and founder of public relations firm Sliced Brand, which represents a number of cryptocurrency businesses, told TechCrunch. “I think he does a disservice to the whole community. He pushed back crypto adoption by at least a year or two. Each time one of these things happens it brings back the whole market. It’s two steps forward and one step back.” The Michael Lewis interview is infuriating.
1733	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run What we already knew was that SBF has been denied bail; his name is mud (or much worse) among those who have lost money in Alameda or FTX; and those who might not have had positions in these still blame him for other crypto woes because he set off a ripple effect. “He doesn’t come off good at all here. You can tell he had no experience in management or handling such big undertakings. I think he was in way over his head,” Ayelet Noff, the CEO and founder of public relations firm Sliced Brand, which represents a number of cryptocurrency businesses, told TechCrunch. “I think he does a disservice to the whole community. He pushed back crypto adoption by at least a year or two. Each time one of these things happens it brings back the whole market. It’s two steps forward and one step back.” The Michael Lewis interview is infuriating. SBF was a scumbag, and now we need to hear about his “tragic fall” in the MSM because Sam told them he was an “effective altruist” and people like Michael Lewis were so far up his ass they couldn’t tell truth from fiction.
1734	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run “He doesn’t come off good at all here. You can tell he had no experience in management or handling such big undertakings. I think he was in way over his head,” Ayelet Noff, the CEO and founder of public relations firm Sliced Brand, which represents a number of cryptocurrency businesses, told TechCrunch. “I think he does a disservice to the whole community. He pushed back crypto adoption by at least a year or two. Each time one of these things happens it brings back the whole market. It’s two steps forward and one step back.” The Michael Lewis interview is infuriating. SBF was a scumbag, and now we need to hear about his “tragic fall” in the MSM because Sam told them he was an “effective altruist” and people like Michael Lewis were so far up his ass they couldn’t tell truth from fiction. — Ryan Selkis 🪳 (@twobitidiot) October 2, 2023 Shameful that Michael Lewis is defending SBF.
1735	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run I think he was in way over his head,” Ayelet Noff, the CEO and founder of public relations firm Sliced Brand, which represents a number of cryptocurrency businesses, told TechCrunch. “I think he does a disservice to the whole community. He pushed back crypto adoption by at least a year or two. Each time one of these things happens it brings back the whole market. It’s two steps forward and one step back.” The Michael Lewis interview is infuriating. SBF was a scumbag, and now we need to hear about his “tragic fall” in the MSM because Sam told them he was an “effective altruist” and people like Michael Lewis were so far up his ass they couldn’t tell truth from fiction. — Ryan Selkis 🪳 (@twobitidiot) October 2, 2023 Shameful that Michael Lewis is defending SBF. “They had a great real business.
1736	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run “I think he does a disservice to the whole community. He pushed back crypto adoption by at least a year or two. Each time one of these things happens it brings back the whole market. It’s two steps forward and one step back.” The Michael Lewis interview is infuriating. SBF was a scumbag, and now we need to hear about his “tragic fall” in the MSM because Sam told them he was an “effective altruist” and people like Michael Lewis were so far up his ass they couldn’t tell truth from fiction. — Ryan Selkis 🪳 (@twobitidiot) October 2, 2023 Shameful that Michael Lewis is defending SBF. “They had a great real business. If no one had cast aspersions on the business, if there hadn’t been a run on customers deposits, they’d still be making tons of money” – Michael Lewis That's not true.
1737	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run He pushed back crypto adoption by at least a year or two. Each time one of these things happens it brings back the whole market. It’s two steps forward and one step back.” The Michael Lewis interview is infuriating. SBF was a scumbag, and now we need to hear about his “tragic fall” in the MSM because Sam told them he was an “effective altruist” and people like Michael Lewis were so far up his ass they couldn’t tell truth from fiction. — Ryan Selkis 🪳 (@twobitidiot) October 2, 2023 Shameful that Michael Lewis is defending SBF. “They had a great real business. If no one had cast aspersions on the business, if there hadn’t been a run on customers deposits, they’d still be making tons of money” – Michael Lewis That's not true. They are not a bank, they're… pic.twitter.com/vRKBbgzITe — Dan Held (@danheld) October 2, 2023 But even so, Noff is defensive: She also believes crypto is no worse than the stock market, which can also be manipulated and mishandled.
1738	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run — Ryan Selkis 🪳 (@twobitidiot) October 2, 2023 Shameful that Michael Lewis is defending SBF. “They had a great real business. If no one had cast aspersions on the business, if there hadn’t been a run on customers deposits, they’d still be making tons of money” – Michael Lewis That's not true. They are not a bank, they're… pic.twitter.com/vRKBbgzITe — Dan Held (@danheld) October 2, 2023 But even so, Noff is defensive: She also believes crypto is no worse than the stock market, which can also be manipulated and mishandled. “Even when you identify corruption, I don’t think that means we don’t believe in the system in question,” she added. Yet Lewis’s picture is a little less stark from the looks of the 60 Minutes episode.
1739	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run — Ryan Selkis 🪳 (@twobitidiot) October 2, 2023 Shameful that Michael Lewis is defending SBF. “They had a great real business. If no one had cast aspersions on the business, if there hadn’t been a run on customers deposits, they’d still be making tons of money” – Michael Lewis That's not true. They are not a bank, they're… pic.twitter.com/vRKBbgzITe — Dan Held (@danheld) October 2, 2023 But even so, Noff is defensive: She also believes crypto is no worse than the stock market, which can also be manipulated and mishandled. “Even when you identify corruption, I don’t think that means we don’t believe in the system in question,” she added. Yet Lewis’s picture is a little less stark from the looks of the 60 Minutes episode. In fact, I’d say it’s not that clear at all if SBF is getting a kicking or a coat of polish in this interview when you consider Lewis’s celebration of SBF’s self-proclaimed (yet not quite proven) idealism, and the “Bankman-Fried-shaped hold in the world” that exists.
1740	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run They are not a bank, they're… pic.twitter.com/vRKBbgzITe — Dan Held (@danheld) October 2, 2023 But even so, Noff is defensive: She also believes crypto is no worse than the stock market, which can also be manipulated and mishandled. “Even when you identify corruption, I don’t think that means we don’t believe in the system in question,” she added. Yet Lewis’s picture is a little less stark from the looks of the 60 Minutes episode. In fact, I’d say it’s not that clear at all if SBF is getting a kicking or a coat of polish in this interview when you consider Lewis’s celebration of SBF’s self-proclaimed (yet not quite proven) idealism, and the “Bankman-Fried-shaped hold in the world” that exists. You could say that confused message is very apt for cryptocurrency, where the process by which it works is forever murky and often misrepresented, at least to most people.
1741	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run “Even when you identify corruption, I don’t think that means we don’t believe in the system in question,” she added. Yet Lewis’s picture is a little less stark from the looks of the 60 Minutes episode. In fact, I’d say it’s not that clear at all if SBF is getting a kicking or a coat of polish in this interview when you consider Lewis’s celebration of SBF’s self-proclaimed (yet not quite proven) idealism, and the “Bankman-Fried-shaped hold in the world” that exists. You could say that confused message is very apt for cryptocurrency, where the process by which it works is forever murky and often misrepresented, at least to most people. If SBF didn’t intentionally aim to cynically defraud a bunch of people, in the long run he became one of the many who disastrously failed to manage the risk inherent in crypto speculation.
1742	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run “Even when you identify corruption, I don’t think that means we don’t believe in the system in question,” she added. Yet Lewis’s picture is a little less stark from the looks of the 60 Minutes episode. In fact, I’d say it’s not that clear at all if SBF is getting a kicking or a coat of polish in this interview when you consider Lewis’s celebration of SBF’s self-proclaimed (yet not quite proven) idealism, and the “Bankman-Fried-shaped hold in the world” that exists. You could say that confused message is very apt for cryptocurrency, where the process by which it works is forever murky and often misrepresented, at least to most people. If SBF didn’t intentionally aim to cynically defraud a bunch of people, in the long run he became one of the many who disastrously failed to manage the risk inherent in crypto speculation. That’s ultimately what happened with FTX, as financial discrepancies racked up between the exchange and its sister company Alameda Research (a trader itself on the platform).
1743	SBF, riding high on FTX, reportedly offered $5B to Trump to cancel President re-run Yet Lewis’s picture is a little less stark from the looks of the 60 Minutes episode. In fact, I’d say it’s not that clear at all if SBF is getting a kicking or a coat of polish in this interview when you consider Lewis’s celebration of SBF’s self-proclaimed (yet not quite proven) idealism, and the “Bankman-Fried-shaped hold in the world” that exists. You could say that confused message is very apt for cryptocurrency, where the process by which it works is forever murky and often misrepresented, at least to most people. If SBF didn’t intentionally aim to cynically defraud a bunch of people, in the long run he became one of the many who disastrously failed to manage the risk inherent in crypto speculation. That’s ultimately what happened with FTX, as financial discrepancies racked up between the exchange and its sister company Alameda Research (a trader itself on the platform). The failure is indisputable: The jury will now have to decide how criminal, and how far, his intentions were around that.
1744	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand Who is Sam Bankman-Fried, the former CEO of crypto exchange FTX? Is he a liar and a fraud? Or did he act in good faith, and like many a startup founder, fly too close to the sun? That answer ultimately lies with the jury, which was selected on Wednesday morning before lawyers for the government and then Bankman-Fried swapped two very different stories of the former crypto mogul’s sudden rise and almost instantaneous fall. Here’s what happened on the second day of the trial, which featured pointed allegations, a friend from MIT, and an audience replete with big names, including Bankman-Fried’s professorial parents and Damian Williams, U.S. attorney for the Southern District of New York. A conscious criminal… The prosecution’s account of the alleged crimes by Bankman-Fried, who spent most of his day in court staring into a laptop while seated between his two attorneys, featured a study in contrasts.
1745	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand Who is Sam Bankman-Fried, the former CEO of crypto exchange FTX? Is he a liar and a fraud? Or did he act in good faith, and like many a startup founder, fly too close to the sun? That answer ultimately lies with the jury, which was selected on Wednesday morning before lawyers for the government and then Bankman-Fried swapped two very different stories of the former crypto mogul’s sudden rise and almost instantaneous fall. Here’s what happened on the second day of the trial, which featured pointed allegations, a friend from MIT, and an audience replete with big names, including Bankman-Fried’s professorial parents and Damian Williams, U.S. attorney for the Southern District of New York. A conscious criminal… The prosecution’s account of the alleged crimes by Bankman-Fried, who spent most of his day in court staring into a laptop while seated between his two attorneys, featured a study in contrasts. “One year ago, it looked like the defendant was on the top of the world,” began Thane Rehn, a prosecutor for the government, in his opening statement.
1746	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand That answer ultimately lies with the jury, which was selected on Wednesday morning before lawyers for the government and then Bankman-Fried swapped two very different stories of the former crypto mogul’s sudden rise and almost instantaneous fall. Here’s what happened on the second day of the trial, which featured pointed allegations, a friend from MIT, and an audience replete with big names, including Bankman-Fried’s professorial parents and Damian Williams, U.S. attorney for the Southern District of New York. A conscious criminal… The prosecution’s account of the alleged crimes by Bankman-Fried, who spent most of his day in court staring into a laptop while seated between his two attorneys, featured a study in contrasts. “One year ago, it looked like the defendant was on the top of the world,” began Thane Rehn, a prosecutor for the government, in his opening statement. The former CEO of FTX oversaw a supposedly thriving crypto exchange, jetted between international locales, and hobnobbed with celebrities like Tom Brady and Larry David.
1747	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand Here’s what happened on the second day of the trial, which featured pointed allegations, a friend from MIT, and an audience replete with big names, including Bankman-Fried’s professorial parents and Damian Williams, U.S. attorney for the Southern District of New York. A conscious criminal… The prosecution’s account of the alleged crimes by Bankman-Fried, who spent most of his day in court staring into a laptop while seated between his two attorneys, featured a study in contrasts. “One year ago, it looked like the defendant was on the top of the world,” began Thane Rehn, a prosecutor for the government, in his opening statement. The former CEO of FTX oversaw a supposedly thriving crypto exchange, jetted between international locales, and hobnobbed with celebrities like Tom Brady and Larry David. He repeatedly emphasized to customers that their money was safe and secure.
1748	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand Here’s what happened on the second day of the trial, which featured pointed allegations, a friend from MIT, and an audience replete with big names, including Bankman-Fried’s professorial parents and Damian Williams, U.S. attorney for the Southern District of New York. A conscious criminal… The prosecution’s account of the alleged crimes by Bankman-Fried, who spent most of his day in court staring into a laptop while seated between his two attorneys, featured a study in contrasts. “One year ago, it looked like the defendant was on the top of the world,” began Thane Rehn, a prosecutor for the government, in his opening statement. The former CEO of FTX oversaw a supposedly thriving crypto exchange, jetted between international locales, and hobnobbed with celebrities like Tom Brady and Larry David. He repeatedly emphasized to customers that their money was safe and secure. But “all of that, all of it, was built on lies,” Rehn declared to the jury.
1749	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand attorney for the Southern District of New York. A conscious criminal… The prosecution’s account of the alleged crimes by Bankman-Fried, who spent most of his day in court staring into a laptop while seated between his two attorneys, featured a study in contrasts. “One year ago, it looked like the defendant was on the top of the world,” began Thane Rehn, a prosecutor for the government, in his opening statement. The former CEO of FTX oversaw a supposedly thriving crypto exchange, jetted between international locales, and hobnobbed with celebrities like Tom Brady and Larry David. He repeatedly emphasized to customers that their money was safe and secure. But “all of that, all of it, was built on lies,” Rehn declared to the jury. “Behind the curtains, he was not what he appeared to be.” What followed was a roughly 30-minute story that repeatedly emphasized how Bankman-Fried allegedly stole customer funds to facilitate his jet-setting lifestyle, donate millions to political candidates, and finance risky bets.
1750	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand “One year ago, it looked like the defendant was on the top of the world,” began Thane Rehn, a prosecutor for the government, in his opening statement. The former CEO of FTX oversaw a supposedly thriving crypto exchange, jetted between international locales, and hobnobbed with celebrities like Tom Brady and Larry David. He repeatedly emphasized to customers that their money was safe and secure. But “all of that, all of it, was built on lies,” Rehn declared to the jury. “Behind the curtains, he was not what he appeared to be.” What followed was a roughly 30-minute story that repeatedly emphasized how Bankman-Fried allegedly stole customer funds to facilitate his jet-setting lifestyle, donate millions to political candidates, and finance risky bets. The key to his alleged scheme? Alameda Research, a crypto hedge fund he also owned, argued Rehn.
1751	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand “One year ago, it looked like the defendant was on the top of the world,” began Thane Rehn, a prosecutor for the government, in his opening statement. The former CEO of FTX oversaw a supposedly thriving crypto exchange, jetted between international locales, and hobnobbed with celebrities like Tom Brady and Larry David. He repeatedly emphasized to customers that their money was safe and secure. But “all of that, all of it, was built on lies,” Rehn declared to the jury. “Behind the curtains, he was not what he appeared to be.” What followed was a roughly 30-minute story that repeatedly emphasized how Bankman-Fried allegedly stole customer funds to facilitate his jet-setting lifestyle, donate millions to political candidates, and finance risky bets. The key to his alleged scheme? Alameda Research, a crypto hedge fund he also owned, argued Rehn. Using Caroline Ellison, his on-again off-again girlfriend and the CEO of Alameda, as a front, Bankman-Fried had “secret access” to customer money—both cash and crypto—the government claimed.
1752	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand The former CEO of FTX oversaw a supposedly thriving crypto exchange, jetted between international locales, and hobnobbed with celebrities like Tom Brady and Larry David. He repeatedly emphasized to customers that their money was safe and secure. But “all of that, all of it, was built on lies,” Rehn declared to the jury. “Behind the curtains, he was not what he appeared to be.” What followed was a roughly 30-minute story that repeatedly emphasized how Bankman-Fried allegedly stole customer funds to facilitate his jet-setting lifestyle, donate millions to political candidates, and finance risky bets. The key to his alleged scheme? Alameda Research, a crypto hedge fund he also owned, argued Rehn. Using Caroline Ellison, his on-again off-again girlfriend and the CEO of Alameda, as a front, Bankman-Fried had “secret access” to customer money—both cash and crypto—the government claimed. Moreover, Bankman-Fried allegedly directed employees to conceal the flow of money into FTX’s coffers and forged financial documents distributed to lenders and investors.
1753	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand He repeatedly emphasized to customers that their money was safe and secure. But “all of that, all of it, was built on lies,” Rehn declared to the jury. “Behind the curtains, he was not what he appeared to be.” What followed was a roughly 30-minute story that repeatedly emphasized how Bankman-Fried allegedly stole customer funds to facilitate his jet-setting lifestyle, donate millions to political candidates, and finance risky bets. The key to his alleged scheme? Alameda Research, a crypto hedge fund he also owned, argued Rehn. Using Caroline Ellison, his on-again off-again girlfriend and the CEO of Alameda, as a front, Bankman-Fried had “secret access” to customer money—both cash and crypto—the government claimed. Moreover, Bankman-Fried allegedly directed employees to conceal the flow of money into FTX’s coffers and forged financial documents distributed to lenders and investors. “The defendant lied to the world,” Rehn alleged.
1754	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand But “all of that, all of it, was built on lies,” Rehn declared to the jury. “Behind the curtains, he was not what he appeared to be.” What followed was a roughly 30-minute story that repeatedly emphasized how Bankman-Fried allegedly stole customer funds to facilitate his jet-setting lifestyle, donate millions to political candidates, and finance risky bets. The key to his alleged scheme? Alameda Research, a crypto hedge fund he also owned, argued Rehn. Using Caroline Ellison, his on-again off-again girlfriend and the CEO of Alameda, as a front, Bankman-Fried had “secret access” to customer money—both cash and crypto—the government claimed. Moreover, Bankman-Fried allegedly directed employees to conceal the flow of money into FTX’s coffers and forged financial documents distributed to lenders and investors. “The defendant lied to the world,” Rehn alleged. And who was this defendant?
1755	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand But “all of that, all of it, was built on lies,” Rehn declared to the jury. “Behind the curtains, he was not what he appeared to be.” What followed was a roughly 30-minute story that repeatedly emphasized how Bankman-Fried allegedly stole customer funds to facilitate his jet-setting lifestyle, donate millions to political candidates, and finance risky bets. The key to his alleged scheme? Alameda Research, a crypto hedge fund he also owned, argued Rehn. Using Caroline Ellison, his on-again off-again girlfriend and the CEO of Alameda, as a front, Bankman-Fried had “secret access” to customer money—both cash and crypto—the government claimed. Moreover, Bankman-Fried allegedly directed employees to conceal the flow of money into FTX’s coffers and forged financial documents distributed to lenders and investors. “The defendant lied to the world,” Rehn alleged. And who was this defendant? Not a crypto “boy” genius, as so many in the media (Fortune included) have written, but a “man” who “stole billions of dollars from thousands of victims,” Rehn said.
1756	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand The key to his alleged scheme? Alameda Research, a crypto hedge fund he also owned, argued Rehn. Using Caroline Ellison, his on-again off-again girlfriend and the CEO of Alameda, as a front, Bankman-Fried had “secret access” to customer money—both cash and crypto—the government claimed. Moreover, Bankman-Fried allegedly directed employees to conceal the flow of money into FTX’s coffers and forged financial documents distributed to lenders and investors. “The defendant lied to the world,” Rehn alleged. And who was this defendant? Not a crypto “boy” genius, as so many in the media (Fortune included) have written, but a “man” who “stole billions of dollars from thousands of victims,” Rehn said. “You will see the full picture.” …or a well-meaning founder?
1757	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand The key to his alleged scheme? Alameda Research, a crypto hedge fund he also owned, argued Rehn. Using Caroline Ellison, his on-again off-again girlfriend and the CEO of Alameda, as a front, Bankman-Fried had “secret access” to customer money—both cash and crypto—the government claimed. Moreover, Bankman-Fried allegedly directed employees to conceal the flow of money into FTX’s coffers and forged financial documents distributed to lenders and investors. “The defendant lied to the world,” Rehn alleged. And who was this defendant? Not a crypto “boy” genius, as so many in the media (Fortune included) have written, but a “man” who “stole billions of dollars from thousands of victims,” Rehn said. “You will see the full picture.” …or a well-meaning founder? But Bankman-Fried, whose cheekbones were more prominent after spending about seven weeks in a Brooklyn prison, was no liar, according to Mark Cohen, one of his lawyers.
1758	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand Using Caroline Ellison, his on-again off-again girlfriend and the CEO of Alameda, as a front, Bankman-Fried had “secret access” to customer money—both cash and crypto—the government claimed. Moreover, Bankman-Fried allegedly directed employees to conceal the flow of money into FTX’s coffers and forged financial documents distributed to lenders and investors. “The defendant lied to the world,” Rehn alleged. And who was this defendant? Not a crypto “boy” genius, as so many in the media (Fortune included) have written, but a “man” who “stole billions of dollars from thousands of victims,” Rehn said. “You will see the full picture.” …or a well-meaning founder? But Bankman-Fried, whose cheekbones were more prominent after spending about seven weeks in a Brooklyn prison, was no liar, according to Mark Cohen, one of his lawyers. “Sam didn’t defraud anyone,” he said early on in his opening statement.
1759	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand Moreover, Bankman-Fried allegedly directed employees to conceal the flow of money into FTX’s coffers and forged financial documents distributed to lenders and investors. “The defendant lied to the world,” Rehn alleged. And who was this defendant? Not a crypto “boy” genius, as so many in the media (Fortune included) have written, but a “man” who “stole billions of dollars from thousands of victims,” Rehn said. “You will see the full picture.” …or a well-meaning founder? But Bankman-Fried, whose cheekbones were more prominent after spending about seven weeks in a Brooklyn prison, was no liar, according to Mark Cohen, one of his lawyers. “Sam didn’t defraud anyone,” he said early on in his opening statement. What the jury will see is a nerdy startup founder who acted in “good faith,” not the prosecution’s “cartoon of a villain.” (Cohen repeatedly harped on Bankman-Fried’s allegedly good-faith actions throughout his address to the jury.)
1760	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand “The defendant lied to the world,” Rehn alleged. And who was this defendant? Not a crypto “boy” genius, as so many in the media (Fortune included) have written, but a “man” who “stole billions of dollars from thousands of victims,” Rehn said. “You will see the full picture.” …or a well-meaning founder? But Bankman-Fried, whose cheekbones were more prominent after spending about seven weeks in a Brooklyn prison, was no liar, according to Mark Cohen, one of his lawyers. “Sam didn’t defraud anyone,” he said early on in his opening statement. What the jury will see is a nerdy startup founder who acted in “good faith,” not the prosecution’s “cartoon of a villain.” (Cohen repeatedly harped on Bankman-Fried’s allegedly good-faith actions throughout his address to the jury.) Alameda was not subterranean or shady.
1761	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand “The defendant lied to the world,” Rehn alleged. And who was this defendant? Not a crypto “boy” genius, as so many in the media (Fortune included) have written, but a “man” who “stole billions of dollars from thousands of victims,” Rehn said. “You will see the full picture.” …or a well-meaning founder? But Bankman-Fried, whose cheekbones were more prominent after spending about seven weeks in a Brooklyn prison, was no liar, according to Mark Cohen, one of his lawyers. “Sam didn’t defraud anyone,” he said early on in his opening statement. What the jury will see is a nerdy startup founder who acted in “good faith,” not the prosecution’s “cartoon of a villain.” (Cohen repeatedly harped on Bankman-Fried’s allegedly good-faith actions throughout his address to the jury.) Alameda was not subterranean or shady. It was a successful hedge fund, he said.
1762	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand And who was this defendant? Not a crypto “boy” genius, as so many in the media (Fortune included) have written, but a “man” who “stole billions of dollars from thousands of victims,” Rehn said. “You will see the full picture.” …or a well-meaning founder? But Bankman-Fried, whose cheekbones were more prominent after spending about seven weeks in a Brooklyn prison, was no liar, according to Mark Cohen, one of his lawyers. “Sam didn’t defraud anyone,” he said early on in his opening statement. What the jury will see is a nerdy startup founder who acted in “good faith,” not the prosecution’s “cartoon of a villain.” (Cohen repeatedly harped on Bankman-Fried’s allegedly good-faith actions throughout his address to the jury.) Alameda was not subterranean or shady. It was a successful hedge fund, he said. FTX was no Ponzi scheme.
1763	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand Not a crypto “boy” genius, as so many in the media (Fortune included) have written, but a “man” who “stole billions of dollars from thousands of victims,” Rehn said. “You will see the full picture.” …or a well-meaning founder? But Bankman-Fried, whose cheekbones were more prominent after spending about seven weeks in a Brooklyn prison, was no liar, according to Mark Cohen, one of his lawyers. “Sam didn’t defraud anyone,” he said early on in his opening statement. What the jury will see is a nerdy startup founder who acted in “good faith,” not the prosecution’s “cartoon of a villain.” (Cohen repeatedly harped on Bankman-Fried’s allegedly good-faith actions throughout his address to the jury.) Alameda was not subterranean or shady. It was a successful hedge fund, he said. FTX was no Ponzi scheme. It was a “very innovative, successful company.” And the business practices between the two were reasonable, he argued, claiming that Alameda acted legally as an FTX customer, payment processor, and market maker, or financial entity that acts as a trading partner for customers looking to buy and sell cryptocurrencies.
1764	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand But Bankman-Fried, whose cheekbones were more prominent after spending about seven weeks in a Brooklyn prison, was no liar, according to Mark Cohen, one of his lawyers. “Sam didn’t defraud anyone,” he said early on in his opening statement. What the jury will see is a nerdy startup founder who acted in “good faith,” not the prosecution’s “cartoon of a villain.” (Cohen repeatedly harped on Bankman-Fried’s allegedly good-faith actions throughout his address to the jury.) Alameda was not subterranean or shady. It was a successful hedge fund, he said. FTX was no Ponzi scheme. It was a “very innovative, successful company.” And the business practices between the two were reasonable, he argued, claiming that Alameda acted legally as an FTX customer, payment processor, and market maker, or financial entity that acts as a trading partner for customers looking to buy and sell cryptocurrencies. In an analogy he employed throughout his opening statement, he said that “working at a startup is like building a plane as you’re flying it” and that businesses sometimes fail.
1765	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand “Sam didn’t defraud anyone,” he said early on in his opening statement. What the jury will see is a nerdy startup founder who acted in “good faith,” not the prosecution’s “cartoon of a villain.” (Cohen repeatedly harped on Bankman-Fried’s allegedly good-faith actions throughout his address to the jury.) Alameda was not subterranean or shady. It was a successful hedge fund, he said. FTX was no Ponzi scheme. It was a “very innovative, successful company.” And the business practices between the two were reasonable, he argued, claiming that Alameda acted legally as an FTX customer, payment processor, and market maker, or financial entity that acts as a trading partner for customers looking to buy and sell cryptocurrencies. In an analogy he employed throughout his opening statement, he said that “working at a startup is like building a plane as you’re flying it” and that businesses sometimes fail. In fact, he specifically pointed the finger at Ellison, the former CEO of Alameda, who, he said, did not adequately protect her hedge fund from the inherent risk of the crypto markets.
1766	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand Alameda was not subterranean or shady. It was a successful hedge fund, he said. FTX was no Ponzi scheme. It was a “very innovative, successful company.” And the business practices between the two were reasonable, he argued, claiming that Alameda acted legally as an FTX customer, payment processor, and market maker, or financial entity that acts as a trading partner for customers looking to buy and sell cryptocurrencies. In an analogy he employed throughout his opening statement, he said that “working at a startup is like building a plane as you’re flying it” and that businesses sometimes fail. In fact, he specifically pointed the finger at Ellison, the former CEO of Alameda, who, he said, did not adequately protect her hedge fund from the inherent risk of the crypto markets. When the walls came closing in and the aforementioned plane approached the “eye of the storm,” Bankman-Fried did not act like someone who was guilty.
1767	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand Alameda was not subterranean or shady. It was a successful hedge fund, he said. FTX was no Ponzi scheme. It was a “very innovative, successful company.” And the business practices between the two were reasonable, he argued, claiming that Alameda acted legally as an FTX customer, payment processor, and market maker, or financial entity that acts as a trading partner for customers looking to buy and sell cryptocurrencies. In an analogy he employed throughout his opening statement, he said that “working at a startup is like building a plane as you’re flying it” and that businesses sometimes fail. In fact, he specifically pointed the finger at Ellison, the former CEO of Alameda, who, he said, did not adequately protect her hedge fund from the inherent risk of the crypto markets. When the walls came closing in and the aforementioned plane approached the “eye of the storm,” Bankman-Fried did not act like someone who was guilty. Rather, he was willing to give up his personal wealth to make customers whole, Cohen argued.
1768	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand FTX was no Ponzi scheme. It was a “very innovative, successful company.” And the business practices between the two were reasonable, he argued, claiming that Alameda acted legally as an FTX customer, payment processor, and market maker, or financial entity that acts as a trading partner for customers looking to buy and sell cryptocurrencies. In an analogy he employed throughout his opening statement, he said that “working at a startup is like building a plane as you’re flying it” and that businesses sometimes fail. In fact, he specifically pointed the finger at Ellison, the former CEO of Alameda, who, he said, did not adequately protect her hedge fund from the inherent risk of the crypto markets. When the walls came closing in and the aforementioned plane approached the “eye of the storm,” Bankman-Fried did not act like someone who was guilty. Rather, he was willing to give up his personal wealth to make customers whole, Cohen argued. “In the end, Sam started and built two billion-dollar businesses,” he concluded.
1769	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand In an analogy he employed throughout his opening statement, he said that “working at a startup is like building a plane as you’re flying it” and that businesses sometimes fail. In fact, he specifically pointed the finger at Ellison, the former CEO of Alameda, who, he said, did not adequately protect her hedge fund from the inherent risk of the crypto markets. When the walls came closing in and the aforementioned plane approached the “eye of the storm,” Bankman-Fried did not act like someone who was guilty. Rather, he was willing to give up his personal wealth to make customers whole, Cohen argued. “In the end, Sam started and built two billion-dollar businesses,” he concluded. “He didn’t steal any money.” A Frenchman who lives in London testifies in New York After lawyers from both sides depicted two very different Bankman-Frieds, the prosecution called its first two witnesses to the stand—and they weren’t blockbuster names or former lieutenants-turned-government-cooperators, like Ellison.
1770	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand In fact, he specifically pointed the finger at Ellison, the former CEO of Alameda, who, he said, did not adequately protect her hedge fund from the inherent risk of the crypto markets. When the walls came closing in and the aforementioned plane approached the “eye of the storm,” Bankman-Fried did not act like someone who was guilty. Rather, he was willing to give up his personal wealth to make customers whole, Cohen argued. “In the end, Sam started and built two billion-dollar businesses,” he concluded. “He didn’t steal any money.” A Frenchman who lives in London testifies in New York After lawyers from both sides depicted two very different Bankman-Frieds, the prosecution called its first two witnesses to the stand—and they weren’t blockbuster names or former lieutenants-turned-government-cooperators, like Ellison. The first was a victim: Marc-Antoine Julliard, a Paris-born cocoa trader who lives in London.
1771	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand In fact, he specifically pointed the finger at Ellison, the former CEO of Alameda, who, he said, did not adequately protect her hedge fund from the inherent risk of the crypto markets. When the walls came closing in and the aforementioned plane approached the “eye of the storm,” Bankman-Fried did not act like someone who was guilty. Rather, he was willing to give up his personal wealth to make customers whole, Cohen argued. “In the end, Sam started and built two billion-dollar businesses,” he concluded. “He didn’t steal any money.” A Frenchman who lives in London testifies in New York After lawyers from both sides depicted two very different Bankman-Frieds, the prosecution called its first two witnesses to the stand—and they weren’t blockbuster names or former lieutenants-turned-government-cooperators, like Ellison. The first was a victim: Marc-Antoine Julliard, a Paris-born cocoa trader who lives in London. In 2021, Julliard, who had coiffed hair and spoke with a strong French accent, decided to invest in crypto and landed on FTX as his exchange of choice, where he traded cryptocurrencies like Bitcoin and Dogecoin.
1772	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand Rather, he was willing to give up his personal wealth to make customers whole, Cohen argued. “In the end, Sam started and built two billion-dollar businesses,” he concluded. “He didn’t steal any money.” A Frenchman who lives in London testifies in New York After lawyers from both sides depicted two very different Bankman-Frieds, the prosecution called its first two witnesses to the stand—and they weren’t blockbuster names or former lieutenants-turned-government-cooperators, like Ellison. The first was a victim: Marc-Antoine Julliard, a Paris-born cocoa trader who lives in London. In 2021, Julliard, who had coiffed hair and spoke with a strong French accent, decided to invest in crypto and landed on FTX as his exchange of choice, where he traded cryptocurrencies like Bitcoin and Dogecoin. On Nov. 8, in the crypto exchange’s final few days, he tried to pull out his cash and crypto.
1773	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand “In the end, Sam started and built two billion-dollar businesses,” he concluded. “He didn’t steal any money.” A Frenchman who lives in London testifies in New York After lawyers from both sides depicted two very different Bankman-Frieds, the prosecution called its first two witnesses to the stand—and they weren’t blockbuster names or former lieutenants-turned-government-cooperators, like Ellison. The first was a victim: Marc-Antoine Julliard, a Paris-born cocoa trader who lives in London. In 2021, Julliard, who had coiffed hair and spoke with a strong French accent, decided to invest in crypto and landed on FTX as his exchange of choice, where he traded cryptocurrencies like Bitcoin and Dogecoin. On Nov. 8, in the crypto exchange’s final few days, he tried to pull out his cash and crypto. How much? Almost $100,000, he said.
1774	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand “In the end, Sam started and built two billion-dollar businesses,” he concluded. “He didn’t steal any money.” A Frenchman who lives in London testifies in New York After lawyers from both sides depicted two very different Bankman-Frieds, the prosecution called its first two witnesses to the stand—and they weren’t blockbuster names or former lieutenants-turned-government-cooperators, like Ellison. The first was a victim: Marc-Antoine Julliard, a Paris-born cocoa trader who lives in London. In 2021, Julliard, who had coiffed hair and spoke with a strong French accent, decided to invest in crypto and landed on FTX as his exchange of choice, where he traded cryptocurrencies like Bitcoin and Dogecoin. On Nov. 8, in the crypto exchange’s final few days, he tried to pull out his cash and crypto. How much? Almost $100,000, he said. And was he ever able to?
1775	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand “He didn’t steal any money.” A Frenchman who lives in London testifies in New York After lawyers from both sides depicted two very different Bankman-Frieds, the prosecution called its first two witnesses to the stand—and they weren’t blockbuster names or former lieutenants-turned-government-cooperators, like Ellison. The first was a victim: Marc-Antoine Julliard, a Paris-born cocoa trader who lives in London. In 2021, Julliard, who had coiffed hair and spoke with a strong French accent, decided to invest in crypto and landed on FTX as his exchange of choice, where he traded cryptocurrencies like Bitcoin and Dogecoin. On Nov. 8, in the crypto exchange’s final few days, he tried to pull out his cash and crypto. How much? Almost $100,000, he said. And was he ever able to? “Never,” he told prosecutors.
1776	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand “He didn’t steal any money.” A Frenchman who lives in London testifies in New York After lawyers from both sides depicted two very different Bankman-Frieds, the prosecution called its first two witnesses to the stand—and they weren’t blockbuster names or former lieutenants-turned-government-cooperators, like Ellison. The first was a victim: Marc-Antoine Julliard, a Paris-born cocoa trader who lives in London. In 2021, Julliard, who had coiffed hair and spoke with a strong French accent, decided to invest in crypto and landed on FTX as his exchange of choice, where he traded cryptocurrencies like Bitcoin and Dogecoin. On Nov. 8, in the crypto exchange’s final few days, he tried to pull out his cash and crypto. How much? Almost $100,000, he said. And was he ever able to? “Never,” he told prosecutors. Shortly afterward, as the trial neared late afternoon, the government called Adam Yedidia to the stand.
1777	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand The first was a victim: Marc-Antoine Julliard, a Paris-born cocoa trader who lives in London. In 2021, Julliard, who had coiffed hair and spoke with a strong French accent, decided to invest in crypto and landed on FTX as his exchange of choice, where he traded cryptocurrencies like Bitcoin and Dogecoin. On Nov. 8, in the crypto exchange’s final few days, he tried to pull out his cash and crypto. How much? Almost $100,000, he said. And was he ever able to? “Never,” he told prosecutors. Shortly afterward, as the trial neared late afternoon, the government called Adam Yedidia to the stand. A fast-talking graduate of MIT, he and Bankman-Fried were close friends in college, he said.
1778	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand The first was a victim: Marc-Antoine Julliard, a Paris-born cocoa trader who lives in London. In 2021, Julliard, who had coiffed hair and spoke with a strong French accent, decided to invest in crypto and landed on FTX as his exchange of choice, where he traded cryptocurrencies like Bitcoin and Dogecoin. On Nov. 8, in the crypto exchange’s final few days, he tried to pull out his cash and crypto. How much? Almost $100,000, he said. And was he ever able to? “Never,” he told prosecutors. Shortly afterward, as the trial neared late afternoon, the government called Adam Yedidia to the stand. A fast-talking graduate of MIT, he and Bankman-Fried were close friends in college, he said. And after Bankman-Fried left Jane Street, the high-frequency trading firm where the former billionaire got his start in finance after MIT, he persuaded Yedidia to join him as a trader at Alameda and then as a developer at FTX.
1779	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand On Nov. 8, in the crypto exchange’s final few days, he tried to pull out his cash and crypto. How much? Almost $100,000, he said. And was he ever able to? “Never,” he told prosecutors. Shortly afterward, as the trial neared late afternoon, the government called Adam Yedidia to the stand. A fast-talking graduate of MIT, he and Bankman-Fried were close friends in college, he said. And after Bankman-Fried left Jane Street, the high-frequency trading firm where the former billionaire got his start in finance after MIT, he persuaded Yedidia to join him as a trader at Alameda and then as a developer at FTX. When Yedidia first took the stand, Danielle Sassoon, one of the lead prosecutors, said that the college friend of Bankman-Fried had legal immunity during his testimony.
1780	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand On Nov. 8, in the crypto exchange’s final few days, he tried to pull out his cash and crypto. How much? Almost $100,000, he said. And was he ever able to? “Never,” he told prosecutors. Shortly afterward, as the trial neared late afternoon, the government called Adam Yedidia to the stand. A fast-talking graduate of MIT, he and Bankman-Fried were close friends in college, he said. And after Bankman-Fried left Jane Street, the high-frequency trading firm where the former billionaire got his start in finance after MIT, he persuaded Yedidia to join him as a trader at Alameda and then as a developer at FTX. When Yedidia first took the stand, Danielle Sassoon, one of the lead prosecutors, said that the college friend of Bankman-Fried had legal immunity during his testimony. Why did he make such a deal with the government, she asked.
1781	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand 8, in the crypto exchange’s final few days, he tried to pull out his cash and crypto. How much? Almost $100,000, he said. And was he ever able to? “Never,” he told prosecutors. Shortly afterward, as the trial neared late afternoon, the government called Adam Yedidia to the stand. A fast-talking graduate of MIT, he and Bankman-Fried were close friends in college, he said. And after Bankman-Fried left Jane Street, the high-frequency trading firm where the former billionaire got his start in finance after MIT, he persuaded Yedidia to join him as a trader at Alameda and then as a developer at FTX. When Yedidia first took the stand, Danielle Sassoon, one of the lead prosecutors, said that the college friend of Bankman-Fried had legal immunity during his testimony. Why did he make such a deal with the government, she asked. “I was concerned that I had unwittingly written code that contributed to a crime,” he said.
1782	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand How much? Almost $100,000, he said. And was he ever able to? “Never,” he told prosecutors. Shortly afterward, as the trial neared late afternoon, the government called Adam Yedidia to the stand. A fast-talking graduate of MIT, he and Bankman-Fried were close friends in college, he said. And after Bankman-Fried left Jane Street, the high-frequency trading firm where the former billionaire got his start in finance after MIT, he persuaded Yedidia to join him as a trader at Alameda and then as a developer at FTX. When Yedidia first took the stand, Danielle Sassoon, one of the lead prosecutors, said that the college friend of Bankman-Fried had legal immunity during his testimony. Why did he make such a deal with the government, she asked. “I was concerned that I had unwittingly written code that contributed to a crime,” he said. Soon, however, the clock neared 4:30 p.m., and court adjourned for the day.
1783	Is Sam Bankman-Fried a bad ‘man’ or a good ‘boy’? Lawyers swap opening statements before first witnesses take the stand “Never,” he told prosecutors. Shortly afterward, as the trial neared late afternoon, the government called Adam Yedidia to the stand. A fast-talking graduate of MIT, he and Bankman-Fried were close friends in college, he said. And after Bankman-Fried left Jane Street, the high-frequency trading firm where the former billionaire got his start in finance after MIT, he persuaded Yedidia to join him as a trader at Alameda and then as a developer at FTX. When Yedidia first took the stand, Danielle Sassoon, one of the lead prosecutors, said that the college friend of Bankman-Fried had legal immunity during his testimony. Why did he make such a deal with the government, she asked. “I was concerned that I had unwittingly written code that contributed to a crime,” he said. Soon, however, the clock neared 4:30 p.m., and court adjourned for the day. Yedidia will continue his testimony on Thursday, followed by Matt Huang, a former partner at the high-powered venture capital firm Sequoia Capital, and then Gary Wang, a key Bankman-Fried lieutenant and one of the government’s star witnesses.
1784	Is Google Search better than the rest? And is that fair? The process of this test did remind me how much data Google collects — not just my searches but anything I say to a smart speaker, any search result or ad that I click — which will be a point in favour of DuckDuckGo for some, even if it didn’t perform as well and is harder to read. The data collection does also mean that Google (not just search but also mobile widgets and other services) personalises to me more effectively. Loading Bing has overhauled its layout over the past year to be very graphic and augmented by generative AI explanations from its chatbot. I like the idea of being able to ask follow-up questions in searches this way, but in practice it’s not really there yet. In a search for “kids BMX bike green” (Google did pretty well and DuckDuckGo ignored the green part), Bing Chat offered a comparison of a few different options but they were too expensive.
1785	Is Google Search better than the rest? And is that fair? The process of this test did remind me how much data Google collects — not just my searches but anything I say to a smart speaker, any search result or ad that I click — which will be a point in favour of DuckDuckGo for some, even if it didn’t perform as well and is harder to read. The data collection does also mean that Google (not just search but also mobile widgets and other services) personalises to me more effectively. Loading Bing has overhauled its layout over the past year to be very graphic and augmented by generative AI explanations from its chatbot. I like the idea of being able to ask follow-up questions in searches this way, but in practice it’s not really there yet. In a search for “kids BMX bike green” (Google did pretty well and DuckDuckGo ignored the green part), Bing Chat offered a comparison of a few different options but they were too expensive. I asked, “any under $200?” and it replied with more options that were all over $300.
1786	Is Google Search better than the rest? And is that fair? The data collection does also mean that Google (not just search but also mobile widgets and other services) personalises to me more effectively. Loading Bing has overhauled its layout over the past year to be very graphic and augmented by generative AI explanations from its chatbot. I like the idea of being able to ask follow-up questions in searches this way, but in practice it’s not really there yet. In a search for “kids BMX bike green” (Google did pretty well and DuckDuckGo ignored the green part), Bing Chat offered a comparison of a few different options but they were too expensive. I asked, “any under $200?” and it replied with more options that were all over $300. Another observation from this test is that I tend to use the Google Search bar as much for returning to familiar sites as I do for searching for information, which means switching to another provider could be temporarily annoying simply because it wouldn’t remember all the places I’ve been. Is Google as the default unfair?
1787	Is Google Search better than the rest? And is that fair? Loading Bing has overhauled its layout over the past year to be very graphic and augmented by generative AI explanations from its chatbot. I like the idea of being able to ask follow-up questions in searches this way, but in practice it’s not really there yet. In a search for “kids BMX bike green” (Google did pretty well and DuckDuckGo ignored the green part), Bing Chat offered a comparison of a few different options but they were too expensive. I asked, “any under $200?” and it replied with more options that were all over $300. Another observation from this test is that I tend to use the Google Search bar as much for returning to familiar sites as I do for searching for information, which means switching to another provider could be temporarily annoying simply because it wouldn’t remember all the places I’ve been. Is Google as the default unfair? In a response to the trial on Google’s blog, president of global affairs Kent Walker said the company’s search product was the favourite of users, browsers and device makers simply because it was the best in the business.
1788	Is Google Search better than the rest? And is that fair? I like the idea of being able to ask follow-up questions in searches this way, but in practice it’s not really there yet. In a search for “kids BMX bike green” (Google did pretty well and DuckDuckGo ignored the green part), Bing Chat offered a comparison of a few different options but they were too expensive. I asked, “any under $200?” and it replied with more options that were all over $300. Another observation from this test is that I tend to use the Google Search bar as much for returning to familiar sites as I do for searching for information, which means switching to another provider could be temporarily annoying simply because it wouldn’t remember all the places I’ve been. Is Google as the default unfair? In a response to the trial on Google’s blog, president of global affairs Kent Walker said the company’s search product was the favourite of users, browsers and device makers simply because it was the best in the business. And being default was not determinative, he said; changing from Google Search to any other search provider was easy, and the company competes with many others on phones and PCs.
1789	Is Google Search better than the rest? And is that fair? I asked, “any under $200?” and it replied with more options that were all over $300. Another observation from this test is that I tend to use the Google Search bar as much for returning to familiar sites as I do for searching for information, which means switching to another provider could be temporarily annoying simply because it wouldn’t remember all the places I’ve been. Is Google as the default unfair? In a response to the trial on Google’s blog, president of global affairs Kent Walker said the company’s search product was the favourite of users, browsers and device makers simply because it was the best in the business. And being default was not determinative, he said; changing from Google Search to any other search provider was easy, and the company competes with many others on phones and PCs. “People don’t use Google because they have to, they use it because they want to,” he said.
1790	Is Google Search better than the rest? And is that fair? I asked, “any under $200?” and it replied with more options that were all over $300. Another observation from this test is that I tend to use the Google Search bar as much for returning to familiar sites as I do for searching for information, which means switching to another provider could be temporarily annoying simply because it wouldn’t remember all the places I’ve been. Is Google as the default unfair? In a response to the trial on Google’s blog, president of global affairs Kent Walker said the company’s search product was the favourite of users, browsers and device makers simply because it was the best in the business. And being default was not determinative, he said; changing from Google Search to any other search provider was easy, and the company competes with many others on phones and PCs. “People don’t use Google because they have to, they use it because they want to,” he said. “This lawsuit simply ignores how intensely competitive and dynamic the technology industry is today.” Walker also points out that, when faced with a situation where Google is not the default, users tend to spend some effort putting Google back in charge.
1791	Is Google Search better than the rest? And is that fair? Is Google as the default unfair? In a response to the trial on Google’s blog, president of global affairs Kent Walker said the company’s search product was the favourite of users, browsers and device makers simply because it was the best in the business. And being default was not determinative, he said; changing from Google Search to any other search provider was easy, and the company competes with many others on phones and PCs. “People don’t use Google because they have to, they use it because they want to,” he said. “This lawsuit simply ignores how intensely competitive and dynamic the technology industry is today.” Walker also points out that, when faced with a situation where Google is not the default, users tend to spend some effort putting Google back in charge. When Mozilla made Yahoo! the default on Firefox, most users changed it to Google.
1792	Is Google Search better than the rest? And is that fair? Is Google as the default unfair? In a response to the trial on Google’s blog, president of global affairs Kent Walker said the company’s search product was the favourite of users, browsers and device makers simply because it was the best in the business. And being default was not determinative, he said; changing from Google Search to any other search provider was easy, and the company competes with many others on phones and PCs. “People don’t use Google because they have to, they use it because they want to,” he said. “This lawsuit simply ignores how intensely competitive and dynamic the technology industry is today.” Walker also points out that, when faced with a situation where Google is not the default, users tend to spend some effort putting Google back in charge. When Mozilla made Yahoo! the default on Firefox, most users changed it to Google. And when people set up a Windows device for the first time they frequently sidestep the Microsoft default — “Google” was the number one search query on Bing in 2021 — despite Microsoft making that very annoying to do.
1793	Is Google Search better than the rest? And is that fair? And being default was not determinative, he said; changing from Google Search to any other search provider was easy, and the company competes with many others on phones and PCs. “People don’t use Google because they have to, they use it because they want to,” he said. “This lawsuit simply ignores how intensely competitive and dynamic the technology industry is today.” Walker also points out that, when faced with a situation where Google is not the default, users tend to spend some effort putting Google back in charge. When Mozilla made Yahoo! the default on Firefox, most users changed it to Google. And when people set up a Windows device for the first time they frequently sidestep the Microsoft default — “Google” was the number one search query on Bing in 2021 — despite Microsoft making that very annoying to do. This is a compelling point, and many of us will be well accustomed to dodging all of Microsoft’s pleading while trying to get Chrome and Google set as defaults whenever we set up a new PC.
1794	Is Google Search better than the rest? And is that fair? “People don’t use Google because they have to, they use it because they want to,” he said. “This lawsuit simply ignores how intensely competitive and dynamic the technology industry is today.” Walker also points out that, when faced with a situation where Google is not the default, users tend to spend some effort putting Google back in charge. When Mozilla made Yahoo! the default on Firefox, most users changed it to Google. And when people set up a Windows device for the first time they frequently sidestep the Microsoft default — “Google” was the number one search query on Bing in 2021 — despite Microsoft making that very annoying to do. This is a compelling point, and many of us will be well accustomed to dodging all of Microsoft’s pleading while trying to get Chrome and Google set as defaults whenever we set up a new PC. But all of these arguments do ignore the fact that Google and its competitors are not on an even playing field. The question remains, why do users prefer Google?
1795	Is Google Search better than the rest? And is that fair? “This lawsuit simply ignores how intensely competitive and dynamic the technology industry is today.” Walker also points out that, when faced with a situation where Google is not the default, users tend to spend some effort putting Google back in charge. When Mozilla made Yahoo! the default on Firefox, most users changed it to Google. And when people set up a Windows device for the first time they frequently sidestep the Microsoft default — “Google” was the number one search query on Bing in 2021 — despite Microsoft making that very annoying to do. This is a compelling point, and many of us will be well accustomed to dodging all of Microsoft’s pleading while trying to get Chrome and Google set as defaults whenever we set up a new PC. But all of these arguments do ignore the fact that Google and its competitors are not on an even playing field. The question remains, why do users prefer Google? And if the answer, as Walker says, is that Google is simply better, the question becomes whether that’s down to its scale, its longevity, its ubiquity and all the user data it sucks up, which no other company could possibly match.
1796	Is Google Search better than the rest? And is that fair? When Mozilla made Yahoo! the default on Firefox, most users changed it to Google. And when people set up a Windows device for the first time they frequently sidestep the Microsoft default — “Google” was the number one search query on Bing in 2021 — despite Microsoft making that very annoying to do. This is a compelling point, and many of us will be well accustomed to dodging all of Microsoft’s pleading while trying to get Chrome and Google set as defaults whenever we set up a new PC. But all of these arguments do ignore the fact that Google and its competitors are not on an even playing field. The question remains, why do users prefer Google? And if the answer, as Walker says, is that Google is simply better, the question becomes whether that’s down to its scale, its longevity, its ubiquity and all the user data it sucks up, which no other company could possibly match. For the US, which has to prove that Google somehow broke the law to achieve the status quo, this legal case could be an uphill battle.
1797	Is Google Search better than the rest? And is that fair? This is a compelling point, and many of us will be well accustomed to dodging all of Microsoft’s pleading while trying to get Chrome and Google set as defaults whenever we set up a new PC. But all of these arguments do ignore the fact that Google and its competitors are not on an even playing field. The question remains, why do users prefer Google? And if the answer, as Walker says, is that Google is simply better, the question becomes whether that’s down to its scale, its longevity, its ubiquity and all the user data it sucks up, which no other company could possibly match. For the US, which has to prove that Google somehow broke the law to achieve the status quo, this legal case could be an uphill battle. But for the rest of us, it offers a rare opportunity for some insight into what the tech giant does with its enormous market share. Is it still focused on being the best?
1798	Is Google Search better than the rest? And is that fair? This is a compelling point, and many of us will be well accustomed to dodging all of Microsoft’s pleading while trying to get Chrome and Google set as defaults whenever we set up a new PC. But all of these arguments do ignore the fact that Google and its competitors are not on an even playing field. The question remains, why do users prefer Google? And if the answer, as Walker says, is that Google is simply better, the question becomes whether that’s down to its scale, its longevity, its ubiquity and all the user data it sucks up, which no other company could possibly match. For the US, which has to prove that Google somehow broke the law to achieve the status quo, this legal case could be an uphill battle. But for the rest of us, it offers a rare opportunity for some insight into what the tech giant does with its enormous market share. Is it still focused on being the best? Or, as has been alleged, does it use its ubiquity to squeeze us for money even at the expense of product quality?
1799	Is Google Search better than the rest? And is that fair? But all of these arguments do ignore the fact that Google and its competitors are not on an even playing field. The question remains, why do users prefer Google? And if the answer, as Walker says, is that Google is simply better, the question becomes whether that’s down to its scale, its longevity, its ubiquity and all the user data it sucks up, which no other company could possibly match. For the US, which has to prove that Google somehow broke the law to achieve the status quo, this legal case could be an uphill battle. But for the rest of us, it offers a rare opportunity for some insight into what the tech giant does with its enormous market share. Is it still focused on being the best? Or, as has been alleged, does it use its ubiquity to squeeze us for money even at the expense of product quality? How ‘organic’ are Google’s results?

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