What’s Next for Sam Bankman-Fried’s Legal Case?
The FTX founder still faces potential post-trial motions, sentencing and perhaps another trial.
The FTX founder still faces potential post-trial motions, sentencing and perhaps another trial.
Sam Bankman-Fried was found guilty by a jury of his peers on all counts.
The jury reached the verdict on the first anniversary, coincidentally, of the CoinDesk scoop that spurred the former crypto mogul’s downfall.
The jury will begin deliberations by the end of Thursday.
The value of FTX’s stake in Solana’s SOL token, for instance, has just added $1 billion in two weeks.
The U.S. Department of Justice is hoping the four-week case will lead to a conviction on seven charges.
Wednesday will bring closing arguments in the criminal fraud case against the founder of FTX, the crypto exchange that collapsed nearly a year ago.
Bankman-Fried’s lawyers argued the jury should be instructed on English law because it governed FTX’s terms of service. “I apply the law of New York,” Judge Lewis Kaplan said.
Bankman-Fried was charming in front of reporters before FTX collapsed. Now he’s just defensive.
And he’s still got more to go.