The month-long federal trial has been an ordeal for Bankman-Fried after some of his closest associates testified that he was key to all the decisions that saw eight billion dollars vanish from his FTX trading platform.
In closing arguments, prosecutors portrayed the defendant as an extremely smart man consumed by greed who knew what he was doing when FTX funds were secretly funneled to his personal hedge fund."He was ambitious" and had"the arrogance to think that he could get away with a fraud," she added. The money was used to prop up Alameda Research, Bankman-Fried's personal hedge fund for which he picked Ellison as CEO.
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