The Three Key Battle Lines in Sam Bankman-Fried’s Trial ...Middle East

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The Three Key Battle Lines in Sam Bankman-Fried’s Trial
On Oct. 4, the long-awaited criminal trial of FTX founder Sam Bankman-Fried finally began in earnest after twelve jurors were sworn in at a Manhattan courthouse. While prosecutors characterized Bankman-Fried as a serial liar in their opening argument, his defense team painted him as a well-intentioned but flawed start-up founder. FTX was a crypto exchange that allowed its users to buy, sell and hold cryptocurrencies, and use financial mechanisms to bet on those tokens’ price movements. Prosecutors allege that instead of keeping customer funds siloed, FTX executives loaned those deposits to Alameda Research, Bankman-Fried’s hedge fund, at his direction. [time-brightcove not-tgx=”

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