{"id":181876,"date":"2023-10-27T05:21:21","date_gmt":"2023-10-26T23:51:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=181876"},"modified":"2023-10-27T05:21:21","modified_gmt":"2023-10-26T23:51:21","slug":"sbf-grilled-in-court-on-deleted-messages-during-testimony-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sbf-grilled-in-court-on-deleted-messages-during-testimony-crypto-news\/","title":{"rendered":"SBF grilled in court on deleted messages during testimony – Crypto News"},"content":{"rendered":"
\n

Disgraced FTX founder Sam \u201cSBF\u201d Bankman-Fried tried to explain<\/a> his rationale for deleting corporate messages during a closed-door testimony<\/a> without the presence of the trial\u2019s jury on Oct. 26.\u00a0<\/p>\n

When prompted as to why he started using corporate communications on the encrypted messaging app Signal by prosecutor Danielle Sassoon of the Southern District of New York, SBF claimed that he only did so with the approval of FTX counsel Daniel Friedberg. However, SBF later said that while counsel approved the use of Signal, he never sought prior approval before utilizing the app\u2019s auto-delete feature.\u00a0<\/p>\n

\u201cAt some point I remember changing my toggle to one-week auto-delete,\u201d the former crypto executive said, adding that the practice has been in place since 2021. \u201cDid you seek approval?\u201d asked Sassoon. \u201cNo,\u201d replied SBF.<\/p>\n

When asked to explain his rationale, SBF claimed that a document retention policy, in place since 2021 and allegedly approved by Friedberg, only applied to emails and not other forms of communication. \u201cDid any lawyer tell you you could delete your messages with Caroline Ellison, Gary Wang and Nishad Singh?\u201d Sassoon asked. \u201cNot specifically,\u201d replied SBF.<\/p>\n

\u201cI apologize, I wish I had that [document retention] policy now. My memory…\u201d<\/p><\/blockquote>\n

Regarding communications on the seven \u201cfake\u201d balance sheets prepared by colleague Caroline Ellison, SBF said deleting the message was permissible because \u201cverbal discussions were not required to be reported.\u201d In a later question about an alleged $13 billion hole in the exchange\u2019s balance sheet, SBF claimed that the messages were never shared with lawyers in accordance with the company\u2019s data retention policy. \u201cI was concerned that statements could be taken out of context, that it could be embarrassing,\u201d he said.<\/p>\n

Related:\u00a0Sam Bankman-Fried thought \u2018taking FTX deposits through Alameda was legal\u2019<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Disgraced FTX founder Sam \u201cSBF\u201d Bankman-Fried tried to explain his rationale for deleting corporate messages during a closed-door testimony without the presence of the trial\u2019s jury on Oct. 26.\u00a0 When prompted as to why he started using corporate communications on the encrypted messaging app Signal by prosecutor Danielle Sassoon of the Southern District of New […]<\/p>\n","protected":false},"author":2,"featured_media":181877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-181876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=181876"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181876\/revisions"}],"predecessor-version":[{"id":181879,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181876\/revisions\/181879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/181877"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=181876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=181876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=181876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}