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It might not be the best time to be in a courtroom for your own trial. Sam Bankman-Fried has been using the weeks since FTX's collapse to get more rest than he's had in a while.
SBF had to be "awakened by a court official" after heleaned back with his eyes closed at a chaotic court hearing.
"Why would someone who could be facing decades in prison rest his eyes while on trial?" is a question you would be forgiven for asking. By the time he was asked to stand in front of the judge, SBF had dropped his jacket, untucked his shirt, and rolled up his sleeves.
We aren't experts on court procedures. This isn't what defendants do.
It's all on-brand for the once-high-flying Bankman- Fried.
SBF's own carefully-controlled narrative was that of the anti-brand, anti-glitz disruptor, the billionaire ingenue who slept on beanbags.
It makes sense that SBF would rest his eyes in a courtroom. It did work in investment meetings.
SBF's Monday court appearance was so strange because it wasn't just rolled up sleeves and apparent nap-taking. According to reports, the ex-CEO backtracked on his plan to fight the US's attempt to extradite him.
According to The New York Times, it was a shock that he showed up at all. The judge ordered Bankman-Fried to be sent back to jail for a few more days so he could collect his thoughts.
The judge overseeing the matter felt that it was a wasted day.
FTX's Bankman- Fried agreed to be extradited to the U.S. after hearing about the case.
FTX's new CEO says the company did "old fashioned Embezzlement".
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