Sam Bankman-Fried's Emotional Defense Concludes in Criminal Fraud Trial

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Source: CoinDesk
Sam Bankman-Fried's Emotional Defense Concludes in Criminal Fraud Trial
Photo: CoinDesk
TL;DR

Sam Bankman-Fried, former CEO of FTX, appeared emotional as his lawyer concluded the defense's closing arguments in his trial. The attorney appealed to the jury to find Bankman-Fried acted in "good faith" throughout his time running FTX and Alameda Research, arguing that miscommunications and mistakes, rather than fraud, led to the downfall of FTX and the misuse of customer funds. The trial, which lasted five weeks, will soon determine Bankman-Fried's fate.

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