📢 Sam Bankman-Fried's trial, the biggest financial fraud case since Bernie Madoff, is well underway! The founder of the collapsed crypto exchange FTX and hedge fund Alameda Research may take the stand, which could make or break his case. The trial revolves around "fraud, misrepresentation, and lies." 💼

Some interesting anecdotes from SBF's past have emerged:

1. When he quit Jane Street, he claimed to pursue work in the non-profit sector but secretly built Alameda Research.

2. Alameda made early profits with the "kimchi premium" strategy, but other bets were money losers.

3. SBF turned his attention to raise VC dollars after the arbitrage window closed and Alameda's profits dried up.

What do you think about these revelations? Share your thoughts in the comments! 💬