Former FTX cryptocurrency exchange CEO Sam Benkman-Fried (SBF) fought back tears during his lawyer Mark Cohen’s closing argument. This is reported by Coindesk.
During the speech, Cohen said SBF has done everything it can to manage two multibillion-dollar businesses—FTX and Alameda—in the market. According to him, some decisions were successful, some were not.
The lawyer also urged the jury to find that Benkman-Fried acted “in good faith” throughout his time leading FTX and Alameda Research, and therefore cannot be convicted of fraud.
Additionally, Cohen said that “actual misunderstandings, errors and delays” caused FTX’s bankruptcy, not fraud on the part of his client.
Source: Cryptocurrency

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