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.
Don’t Get Rekt: Avoiding Sponsored Content Pitfalls in the Cryptosphere
The crypto space is a land of opportunity, but it's also riddled with potential pitfalls. Sponsored content can be a...