FTX Collapse Trial Nears Climax, Leaving Defense Without Compelling Narrative

Sam Bankman-Fried's trial for his role in the FTX collapse is reaching its final stages, with the prosecution set to rest their case on October 26th. Bankman-Fried's defense team has yet to confirm if they will present a case, which would begin on October 26th if they choose to. Bankman-Fried’s lawyers have struggled to present a compelling narrative to jurors. The attorneys even missed crucial arguments during the cross-examination of his former closest friends, including Caroline Ellison, Nishad Singh, Adam Yedidia and Gary Wang. Cooperating with the government, the group accused Bankman-Fried of directing them to commit crimes. If convicted of fraud and conspiracy to commit fraud, Bankman-Fried could face up to 115 years in prison.