Bankman-Fried was charged with seven counts of wire fraud, securities fraud and money laundering after his crypto exchange, FTX, and hedge fund, Alameda Research, collapsed.
His Hail Mary defense at the end was basically “I didn’t have proper risk management roles staffed and I made rookie mistakes.”
AKA: his defense was playing dumb. It didn’t work. Too many people testified against him from the inside and said that he did all this shit intentionally.
His Hail Mary defense at the end was basically “I didn’t have proper risk management roles staffed and I made rookie mistakes.”
AKA: his defense was playing dumb. It didn’t work. Too many people testified against him from the inside and said that he did all this shit intentionally.