Did Sam Bankman-Fried Have Intent to Defraud FTX Investors?

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Joshua Ashley Klayman, Senior Counsel, U.S. Head of FinTech and Head of Blockchain & Digital Assets at Linklaters, discusses the prosecution and defense’s impassioned opening statements and surprising witness testimonies that are piecing together how FTX came crashing down.

But I think for the prosecution, I mean, what they're trying to show is no matter that it's a highly technical area. The allegations are, this is simple fraud, right? This is untruths, this is misstatements and this is uh you know, inducing people to trust or to invest or do other things on false, you know, pretenses. Hi, everyone. Welcome to unchained you. No hype resource for all things crypto. I'm your host, Laura Shin, author of the Crypt Toian.

I mean, when he had to identify, um, the defendant, he was standing up and looking, you know, and I, I just think it was, that was surprising to see just his, his demeanor was in my view, quite calm unless he was, um, projecting something. Otherwise, I think some of the, the takeaways, like you said, the preferential treatment, he emphasized, you know, it was written into the code.

 

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Source: Reuters - 🏆 2. / 97 Read more »