FTX founder Sam Bankman-Fried’s fate is now in the hands of the 12 jurors who have spent the past four weeks sitting just feet away from the former crypto billionaire in a lower Manhattan courtroom.
After three days on the stand, Bankman-Fried’s testimony wrapped up Tuesday morning and the defense rested its case shortly before noon. The jury was sent home, so the judge can decide in the charging instructions what’s admissible before jurors begin their deliberations. Closing arguments will start on Wednesday.
Bankman-Fried, 31, faces a potential life sentence if convicted on fraud charges tied to the collapse of crypto exchange FTX and sister hedge fund Alameda Research late last year. He pleaded not guilty.
‘Enforcement 40’ for 2020
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