Sam Bankman-Fried took the witness stand during his criminal trial on Thursday. But as the former crypto mogul spoke, the jury was nowhere to be found.

U.S. District Judge Lewis Kaplan—who presides over Bankman-Fried’s case—sent the group home around 2:00 pm. To assess whether certain topics should be precluded from Bankman-Fried’s testimony tomorrow, Judge Kaplan called for a special hearing.

“We’re in the home stretch,” Kaplan said to the jurors as they were let go, assuring them that the weeks-long court case would likely conclude next week. 

During the hearing, Bankman-Fried’s lead lawyer Mark Cohen of Cohen & Gresser walked his client through several topics, such as meetings Bankman-Fried had with regulators in the Bahamas last November and advice he received from counsel at FTX.

On cross-examination, Assistant US Attorney Danielle Sassoon was less gentle. She pressed the one-time wunderkind with a slew of questions, focussing on his lawyers’ advice at various points. On occasion, she appeared to go beyond that.

At one point, she asked Bankman-Fried whether “embezzling customer funds” would be considered safeguarding customer assets. Judge Kaplan sustained an objection from the defense—ruling that Sassoon’s question was beyond the scope of the hearing.

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Author: André Beganski

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