The Bankman-Fried Fraud Case
The federal prosecution has just rested its case against Sam Bankman-Fried, the founder of the bankrupt cryptocurrency FTX. He has plead “not guilty” to two charges of fraud and five charges of conspiracy. Three of his former colleagues have plead “guilty” and testified against Bankman-Fried. The prosecution alleges that Bankman-Fried misappropriated funds to his own hedge-fund, Alameda research. The position the defence seems to be …