Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.
Is Sam Bankman-Fried going to prison? Five weeks into his criminal trial, 12 randomly selected New Yorkers are preparing to discuss among themselves whether they believe he violated federal law or not.
We've reported the witness testimony and evidence across the last month, so I won't go into detail here. But it is worth taking a quick look at some of the main arguments we heard on Wednesday., a CoinDesk newsletter bringing you daily insights from inside the courtroom where Sam Bankman-Fried will try to stay out of prison. Want to receive it directly?The loss of customer funds is obviously FTX's biggest issue.
But, Cohen said,"he only remembered reviewing one of the spreadsheets" on that multi-tabbed document – and Caroline Ellison, Alameda's CEO, said she discussed"some" of the tabs with Bankman-Fried. But Alameda – a company mostly owned by Bankman-Fried – assuming some of these losses isn't necessarily a crime, Cohen suggested. The company was a market-maker and payment agent on FTX and its role was to ensure smooth operations and liquidity.
The defendant – that's what Roos called him each and every time,"the defendant" – worked on his computer during most of the DOJ presentation. But when Cohen took over, Sam – how Cohen referred to him – just sat in his chair, looking over in the general direction of the jury box and his lawyer.
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