🚀Hey BTC enthusiasts! The trial of Sam Bankman-Fried, the former FTX CEO accused of defrauding investors of billions, is heating up! 🔥Bankman-Fried claims his actions were guided by "effective altruism," a philanthropic ideology focused on maximizing individuals' impact through charity and career choices. However, prosecutors aren't buying it, stating that this isn't a valid defense for fraud or other criminal charges. 😲

As the trial enters its third week, witnesses and evidence are piling up against Bankman-Fried. Former colleagues allege he instructed them to access FTX customer funds without consent for non-exchange purposes. 😱

Bankman-Fried's defense team, set to present their case on October 26th, plans to argue he acted in good faith and believed his actions were in the best interests of customers and investors. Will "effective altruism" save the day? Stay tuned! 🍿💼