SBF has denied all allegations of committing fraud with FTX customers' deposits.
of the SBF trial, lead defense attorney Mark Cohen's request for acquittal was denied by presiding judge Lewis Kaplan. Instead, the case will move to closing arguments from both sides at 9:30 a.m. ET on Nov. 1, with all evidence discovery concluded. Attornies from both sides declined to call any further witnesses.
SBF has pleaded not guilty to all seven fraud-related charges in his criminal case, but is expected to face five more counts in a second trial scheduled to start in March 2024, including the alleged $150 million bribe of a Chinese government official. During discovery, prosecutor Danielle Sassoon presented documents, tweets, and corporate messages attesting that the crypto executive siphoned $8 billion worth of FTX customers' deposits to fund a series of risky trades at his hedge fund, Alameda Research. SBF, on the other hand, denied that such actions constituted fraud.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SBF trial offers new revelations about last days of FTX exchangeThe Sam Bankman-Fried (SBF) trial continues, with the FTX founder himself on the stand.
Read more »
SBF says spending FTX customers' money was part of 'risk management': ReportThe FTX trial remains ongoing and is expected to wrap up next week.
Read more »
SBF TRIAL Podcast 10/31: Was Sam Bankman-Fried Taking the Stand a Huge Mistake?Listen to the latest SBF trial updates by the CoinDesk Podcast Network.
Read more »
Inside SBF's Trial: Sam 'wasn't sure' nearly one hundred and fifty timesThe cross-examination of SBF in his trial on seven counts of fraud and conspiracy related to the downfall of FTX took up most of Monday.
Read more »
SBF TRIAL Podcast 10/30: Sam Bankman-Fried Takes The Stand For a Third Day In FTX Fraud TrialListen to the latest SBF trial updates by the CoinDesk Podcast Network.
Read more »
‘Fuck regulators,’ said SBF behind closed doors: ReportDespite his public support of crypto regulation, SBF held a deep disdain for regulators behind closed doors.
Read more »