After weeks of testimonies and legal arguments, the jury in the fraud trial of FTX founder Sam Bankman-Fried has begun its deliberations.
The trial, which has captured significant attention in the cryptocurrency and financial communities, centers around allegations of fraudulent activities related to the popular cryptocurrency exchange.
Bankman-Fried, a prominent figure in the world of cryptocurrencies, stands accused of orchestrating a scheme that misled investors and manipulated markets.
Prosecutors have presented evidence suggesting that he engaged in deceptive practices to inflate trading volumes and attract more users to the platform. If convicted, he could face significant fines and potential prison time.
The trial has raised important questions about the regulation and oversight of the cryptocurrency industry, which has been largely unregulated compared to traditional financial markets.
It also highlights the challenges faced by regulators in addressing fraudulent activities in this rapidly evolving space.
