Sam Bankman-Fried trial’s opening statements, important points as court hearing begins

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Sam Bankman-Fried trial’s opening statements, important points as court hearing begins
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In what Judge Lewis Kaplan calls “electric quarantine” the jurors have been asked not to talk to anyone either on the news or the internet about the c

A Bloomberg report has indicated important pointers from Sam Bankman-Fried’s court case as trial begins. SBF is charged with using stolen customer funds to make millions in political donations, amid other counts of crime. Three former members of SBF’s inner circle, Caroline Ellison, Nishad Singh, and Gary Wang are also expected to testify. Unlike his usual curls and casual dressing, the former executive presents with a suit and tie while sporting neat haircut.

Defending that SBF never planned to harm anyone, the lawyer said this was a “hindsight case,” meaning it should be left in the past with lessons learnt from the entire experience. Despite his stance, Cohen acknowledged the compromising relationship between FTX and its sister hedge fund Alameda.

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