Top 3 Disclosures Made During SBF's Trial Today (Oct 5, 2025)
Today, i.e. Oct. 5, 2025, marked the third day of the trial of Sam Bankman-Fried [SBF]. Follow the Sam Bankman-Fried trial after the collapse of his FTX crypto empire. Two former FTX and Alameda Research employees, Gary Wang and Adam Yedidia, testified in court along with Paradigm Co-Founder. Here’s a concise summary of the revelations made today:
For our weekly recap, we dig into the key moments. It was a rough first week for SBF as government officials presented their case. Even though the FTX founder was not a part of last week's proceedings, his role in the FTX implosion is central. Sam Bankman-Fried’s SBF trial started earlier this week.
Here are the top 3 disclosures from the SBF trial today:
- SBF's Co-Founder Turns On Him: Witness testimony heavily implied SBF's direct involvement in key decisions that led to FTX's downfall. Gary Wang, SBF's co-founder, is cooperating with prosecutors.
- Funds Misappropriation: Bankman-Fried considered it acceptable for the top management of the exchange to borrow funds from Alameda Research. This highlighted a significant conflict of interest and a potential breach of fiduciary duty.
- SBF Could Lose Private Jets! - Bankless Team: Prosecutors highlighted the lavish spending of FTX funds, suggesting assets like private jets could be seized as part of the recovery process.