Sam Bankman-Fried, founder of FTX, is facing potential life sentence if convicted on charges of wire fraud, securities fraud, and money laundering. Prosecutors argued that $10 billion in customer money went missing from FTX's crypto exchange and accused Bankman-Fried of scheming and lying to obtain the money. Defense counsel argued that the government portrayed Bankman-Fried as a "monster" and that he did not defraud anyone or take customer money. The trial, which began in October, is set to conclude soon and has relied heavily on testimonies from former associates of Bankman-Fried.

The post Sam Bankman-Fried lawyer says government Portrayed Ftx Founder as a ‘monster’ appeared first on Balanced News Summary.