The jury finally hears from Sam Bankman-Fried

The most coked up, insufferable asshole you have ever met in your entire life: you hate me because I'm an introvert

Ah yes, the classic definition of an introvert is a guy that is visibly, physically uncomfortable when he's not the center of attention and is infamous for assuming nobody could possibly understand how much smarter he is than the rest of the world. Of course. My deepest, most sincere apologies. Fucking jackass

This is the best summary I could come up with:

Yesterday, during an evidentiary hearing, Bankman-Fried was repeatedly scolded by Judge Lewis Kaplan for not answering prosecutor Danielle Sassoon’s questions on cross-examination.

Bankman-Fried did not define what he expected the time period to be on this estimate, but arguably 20 percent was a much higher chance of success than FTX would enjoy once Alameda dipped into the customer deposits.

As a result, at one point the risk engine got stuck in a catastrophic feedback loop that would have created losses in the “trillions of dollars,” Bankman-Fried testified.

Bankman-Fried handed the company off to Caroline Ellison and Sam Trabucco, who immediately after being named co-CEO promptly drifted away to early retirement.

Yeah, so it was a totally innocent thing where what actually happened was that Bankman-Fried thought it was appropriate that Alameda take the position as a backstop liquidity provider, that’s all.

Remember that testimony Adam Yedidia gave about a conversation with Bankman-Fried in August 2022 about the enormous amount of money Alameda owed FTX?

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