The FTX case went to trial, and founder SBF appeared in court for trial. It has been 9 months and 20 days since SBF was arrested in the Bahamas. SBF may regain his freedom at trial, otherwise he will be jailed for what a federal judge said is "a very long time." The case trial has been going on for a week. What developments and new information are there? Rhythm BlockBeats has compiled it for readers as follows (this article is updated in real time). It is recommended to collect and read.
On October 3, the first day of the trial against FTX founder Sam Bankman-Fried began in the U.S. District Court for the Southern District of New York. Lawyers for FTX founder SBF tried to prevent a Ukrainian client from testifying in the trial against SBF on the grounds that such testimony "It will only arouse the sympathy and anger of the jury." On October 5, 12 jurors for the SBF trial were confirmed, in addition to six alternate jurors. Over the next six weeks, they will decide whether SBF is guilty of seven charges related to fraud and money laundering. Among the 12 jurors, 9 are women and 3 are men, ranging in age from 33 to 69 years old. Click here to view the background and juror information.
During opening statements, Assistant U.S. Attorney Nathan Rehn told the 12-member jury that the government would present evidence and expert witnesses to prove that the former crypto tycoon “defrauded his clients” and used their funds to purchase funds for himself. "Money, power and influence". U.S. prosecutors reiterated on October 4 that the existing legal framework is sufficient to charge SBF with fraud-related violations. The Ministry of Justice rejected the SBF's previous argument that "the apparent lack of relevant laws or guidance is directly related to whether the alleged use of customer deposits constitutes misappropriation, rather than permitted business conduct." The Ministry of Justice added that although the existence of the law may be related to the establishment The statutory duty of care was relevant, but the lack of supervision was irrelevant as to whether the victim entrusted the defendant with money for safekeeping.
On October 5, the U.S. Department of Justice (DOJ) stated in the opening statement of the trial of FTX founder SBF that SBF’s entire cryptocurrency empire was a “house of cards built on lies.” SBF's defense attorneys argued in their opening statements that SBF, the founder of FTX and Alameda Research, never intended to steal customers' funds - he was simply overwhelmed by the rapid growth of both businesses, and that SBF acted in good faith and did not deceive anyone.
Welcome to leave a message in the comment area to discuss and share your views on this case. At the same time, this article will continue to update the progress of the case, so stay tuned.
On October 3, the first day of the trial against FTX founder Sam Bankman-Fried began in the U.S. District Court for the Southern District of New York. Lawyers for FTX founder SBF tried to prevent a Ukrainian client from testifying in the trial against SBF on the grounds that such testimony "It will only arouse the sympathy and anger of the jury." On October 5, 12 jurors for the SBF trial were confirmed, in addition to six alternate jurors. Over the next six weeks, they will decide whether SBF is guilty of seven charges related to fraud and money laundering. Among the 12 jurors, 9 are women and 3 are men, ranging in age from 33 to 69 years old. Click here to view the background and juror information.
During opening statements, Assistant U.S. Attorney Nathan Rehn told the 12-member jury that the government would present evidence and expert witnesses to prove that the former crypto tycoon “defrauded his clients” and used their funds to purchase funds for himself. "Money, power and influence". U.S. prosecutors reiterated on October 4 that the existing legal framework is sufficient to charge SBF with fraud-related violations. The Ministry of Justice rejected the SBF's previous argument that "the apparent lack of relevant laws or guidance is directly related to whether the alleged use of customer deposits constitutes misappropriation, rather than permitted business conduct." The Ministry of Justice added that although the existence of the law may be related to the establishment The statutory duty of care was relevant, but the lack of supervision was irrelevant as to whether the victim entrusted the defendant with money for safekeeping.
On October 5, the U.S. Department of Justice (DOJ) stated in the opening statement of the trial of FTX founder SBF that SBF’s entire cryptocurrency empire was a “house of cards built on lies.” SBF's defense attorneys argued in their opening statements that SBF, the founder of FTX and Alameda Research, never intended to steal customers' funds - he was simply overwhelmed by the rapid growth of both businesses, and that SBF acted in good faith and did not deceive anyone.
Welcome to leave a message in the comment area to discuss and share your views on this case. At the same time, this article will continue to update the progress of the case, so stay tuned.