"Sam Bankman-Fried's Trial Unveils Deceptive Tactics and Climbing AVAX"
Judge Lewis B. Kaplan expressed frustration with Sam Bankman-Fried's legal team during Day 3 of the trial. The defense repeatedly asked repetitive questions, leading to overruled objections and exasperation from the judge. The trial's second witness, former FTX coder Adam Yedidia, testified about money transfers and a bug in the system. The defense's cross-examination faced roadblocks as Kaplan sustained objections and criticized the unnecessary repetition. The next witness, Matt Huang, co-founder of Paradigm, discussed concerns about FTX's lack of a board of directors. Gary Wang, FTX co-founder, admitted to "financial crimes" and revealed undisclosed advantages granted to Alameda Research. Kaplan urged the defense to cut out repetition for the jury's benefit.