"This is not about complex issues of cryptocurrencies," prosecutor Nicolas Roos told the jury after several days of withering cross-examination of the fallen crypto king.
Bankman-Fried is on trial in New York for siphoning funds invested by unknowing customers on his FTX cryptocurrency exchange platform, once the second biggest exchange for crypto investors. "He knew it was wrong. He did it anyway thought because he was smart he could get away with it," the prosecutor argued.
"In the real world, things get messy, people make mistakes and they wish they would have fixed them." During the trial that began on October 3, the Massachusetts Institute of Technology graduate admitted he made"mistakes" in managing his crypto empire, but that he never committed fraud.
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Source: SkyNewsAust - 🏆 7. / 78 Read more »