Sam Bankman-Fried’s Defense Details Revealed

FTX, seen as one of the three largest crypto exchanges in the crypto world, after a series of events in which its founder and CEO Sam Bankman-Fried was accused of fraud. had gone bankrupt. Bankman-Fried, on the other hand, was caught in the Bahamas in the past weeks after all the developments and It was delivered to the USA.

Fraud, making collusion for fraudcollusion for securities fraud and securities fraud with many accusations facing Bankman-Fried last week A loaded bail of $250 million was released in return.

He will say ‘I am innocent’ of all charges for which he could face 115 years in prison

The next important step in the case, where the entire industry, as well as FTX victims, follow its developments with great interest. on January 3 will be discarded. Bankman-Fried will appear in court in Manhattan on January 3 to give his defense.

According to Reuters’ sources, Bankman-Fried said: by denying any accusations will present his defence. Fried admitted that he had “made some mistakes” in the past, but claimed that he had not committed any crimes that would require criminal responsibility…

Gary Wang, former chief technology officer of FTX, and Caroline Ellison, general manager of Alameda Research, another company named in the lawsuit, which also co-founded Bankman-Fried. admitted most of the charges and to cooperate with the prosecution they had expressed.

This makes the defense by Bankman-Fried rather weak. However, there is no strong prediction yet about what the course of the case will be.