Sam Bankman-Fried is accused of using his customers’ money to fund a lavish lifestyle and to gain power and influence.
A New York jury began deliberating on Thursday whether FTX founder Sam Bankman-Fried was guilty of fraud in the disappearance of billions of dollars from his customers’ accounts on the cryptocurrency exchange he created four years ago.
Earlier on Thursday, assistant US attorney Danielle Sassoon delivered a rebuttal argument, the last of closing arguments that began a day earlier. “He may have hesitated,” Mr Cohen said. “But he always thought that Alameda had sufficient assets on the exchange and off the exchange to cover all of its liabilities.”Mr Cohen told jurors to recall Bankman-Fried’s testimony as they review evidence.
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