Sam Bankman-Fried's Criminal Trial: Closing Arguments and Testimony Conclude

The defense has rested its case in the criminal trial of FTX founder Sam Bankman-Fried, who faces potential life imprisonment if convicted on fraud charges related to the collapse of FTX and sister hedge fund Alameda Research. Bankman-Fried's testimony concluded on Tuesday, with the defense relying on his ability to convince the jury that he did not intentionally misuse customer funds. Closing arguments are set to begin on Wednesday, after which the jury will deliberate.