Tuesday, October 31, 2023

Defense rests in Bankman-Fried trial


The defense has rested in the Sam Bankman-Fried trial. He was the only defense witness.

According to The Washington Post:

In his own retelling, he only learned that his hedge fund, Alameda Research, had spent $8 billion in customer deposits from his crypto trading platform, FTX, by overhearing a conversation among his employees in September 2022. He said when he confronted them, he was told to stop asking questions and that they were busy.

Tomorrow there will be closing arguments then the jury will deliberate and render its verdict. Guess what it's going to be!

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