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Juror Unfamiliarity Poses Challenge in FTX Trial

Loretta Williamson by Loretta Williamson
October 4, 2023
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Juror Unfamiliarity Poses Challenge in FTX Trial
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The trial against Sam Bankman-Fried, the former CEO of the bankrupt crypto exchange FTX, faces a challenge due to jurors’ unfamiliarity with cryptocurrency. The complexity of the crypto world may pose difficulties for both the prosecution and defense. Prosecutors aim to simplify the case by presenting a straightforward narrative of deception and theft, possibly using analogies to traditional assets. The defense may present crypto in a more complex manner, highlighting regulatory ambiguities to show no intent to defraud. The judge has limited the use of expert witnesses, raising questions about Bankman-Fried’s potential testimony. Bankman-Fried has pleaded not guilty, facing over 100 years in prison if convicted on all counts.

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