SBF Trial – Jury begins deliberations as closing arguments conclude
A New York jury has begun deliberations on whether Sam Bankman-Fried committed mass fraud or simply made grave mistakes as a novice CEO.
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A New York jury has begun deliberations on whether Sam Bankman-Fried committed mass fraud or simply made grave mistakes as a novice CEO.
Assad Jafri 4 min read
The prosecution told the jury that SBF knowingly made off with billions in customer deposits, while the defense chalked his wrongdoings up to "terrible mistakes."
"This is not about complicated issues of cryptocurrency," the government told the jury. "It's about lies and stealing and greed."
The complex web of interactions between Gemini, Genesis, and its parent firm, Digital Currency Group has spawned yet another in a series of high-profile lawsuits.
Genesis, Digital Currency Group, and Gemini are tangled in complex legal disputes as the NYAG looms over bankruptcy processes.
SBF's lawyers have said they intend to call the FTX founder to the stand on Oct. 26 to testify in his own defense.
Gemini said the lawsuit validates its claim that Genesis and its parent company, Digital Currency Group, conspired defraud creditors.
The state has also proposed other new regulations that it will accept public comment on until October 20, 2023.
Bitfinex secures significant legal triumph as US court dismisses class action lawsuit.
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