🚨Breaking News: Sam Bankman-Fried, CEO of FTX, faces trial in New York for allegedly using client funds to buy FTX shares from Binance for $2 billion in 2021. 😱

🔹 The trial began on October 3 and prosecutors present their closing arguments today, November 1.

🔹 He is also accused of using client funds for political donations, luxury real estate and venture capital investments.

🔹 The defense argues that FTX used its own funds and that the problem was caused by Alameda Research's lack of risk management and trading errors.

🔹 Bankman-Fried faces up to 115 years in prison if convicted.

What do you think about this case? Comment below and share your thoughts! 💬