A New York jury has begun deliberations in the trial of Sam Bankman-Fried, the CEO of FTX, who is accused of committing fraud. The prosecution argued that Bankman-Fried deceived FTX customers and acted improperly with their funds. They highlighted inconsistencies between his public image and private actions, as well as discrepancies in financial statements. The prosecution also emphasized the testimony of cooperating witnesses who provided insights into Bankman-Fried’s spending habits. The defense claimed that Bankman-Fried’s actions were part of a strategy and that he was unaware of any wrongdoing. The jury will continue deliberations and the outcome of the trial could have implications for the regulation of digital asset-related businesses.

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Information	Details
Geography	Middle East
Countries	🇺🇸
Sentiment	negative
Relevance Score	1
People	Sam Bankman-Fried, Judge Kaplan, Danielle Sassoon
Companies	Alameda, FTX
Currencies	None
Securities	None