đ **Summary of Prosecution and Defense Statements in SBF Trial** đïž
đšââïž Prosecutor Thane Rehn alleged that SBF misappropriated over $10 billion in FTX customer funds for personal gain and power.
đĄïž SBF's lawyer, Mark Cohen, pleaded not guilty, framing SBF as the CEO of a startup that faced unexpected adverse events. He argued that a CEO of a bankrupt company isn't necessarily a criminal and portrayed Alameda Research as a victim of the cryptocurrency market downturn. Cohen also pointed out that FTX faced attacks from cryptocurrency media and rival exchange Binance CEO Changpeng Zhao.
đ Prosecutor Thein Ren countered by claiming that the collapse of FTX was primarily due to customer fund misappropriation and dismissed the bear market as an excuse.
#FTX #SBF #LegalTrial #CryptoNews #ProsecutionDefense đŠđąđïž
