The trial of former FTX CEO Sam “SBF” Bankman-Fried is currently underway in New York, and Cointelegraph reporters are providing live coverage of the proceedings. The trial has reached its final stages, with the prosecution delivering its closing arguments on November 1. Bankman-Fried is facing seven counts of fraud and conspiracy to commit fraud, which carry a potential prison sentence of up to 115 years if he is found guilty. The defense faces a challenging task in convincing the jury of Bankman-Fried’s innocence, as the government has presented substantial evidence, including testimony from officials and law enforcement agents involved in the case. Throughout the trial, it has become apparent that Bankman-Fried had a disregard for regulations and held negative views towards regulators. The closing remarks are scheduled to be heard on November 1, and no further witnesses will be called by either the defense or the prosecution.

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Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	1
People	None
Companies	Bahamas Securities Commission, FTX, Alameda Research, FBI, Genesis
Currencies	FTX, Bitcoin
Securities	None