The Sam Bankman-Fried (SBF) trial reached a head on Nov. 1, with both sides presenting their closing arguments to the jury before it deliberates on a verdict.
The prosecution’s closing argument revolved around painting Bankman-Fried as a serial liar driven by greed and who intentionally took customer deposits on fraudulent terms and spent them.
Meanwhile, the defense told the jury that the government’s portrayal of the former billionaire was unfair and untrue, maintaining Bankman-Fried’s failings to be a series of business mistakes.
Greed and fraud
Assistant U.S. Attorney Nicolas Roos kicked off the prosecution’s closing statements by emphasizing the enormous weight of the evidence presented by key witnesses throughout the trial. He reiterated to the jury:
“Almost a year ago, thousands of people from all over the world who deposited money with FTX started withdrawing funds.”
It is undisputed that a staggering $10 billion from FTX’s crypto exchange vanished, with a portion
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