Former cryptocurrency whiz kid Sam Bankman-Fried knowingly stole money from customers of his FTX platform, US prosecutors told a federal court in closing arguments on Wednesday.
“This is not about complex issues of cryptocurrencies,” prosecutor Nicolas Roos told the jury after several days of whithering cross-examination of the fallen crypto king.
Up to $14 billion of client money fuelled the transactions and venture investments of Alameda Research, Bankman-Friends personally owned hedge fund. To believe otherwise, “you’d have to believe that the defendant was actually clueless. You sat through this trial and you know that none of it is true.”
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