Jury begins deliberations in SBF fraud case and may reach verdict today or early next week
On Thursday afternoon Eastern Time, the jury began deliberating on seven charges of fraud and conspiracy against Sam Bankman-Fried (SBF), related to his tenure as head of FTX and its sister trading company Alameda Research. The jury can reach a verdict anytime before 8:30 PM in New York today (8:30 AM on Friday in Beijing), and all twelve jurors must reach a unanimous decision on each of the seven charges to make a verdict. If they cannot reach a consensus today, the court will adjourn until next Monday to continue the deliberation. If all charges are proven, SBF could face up to 115 years in prison, with prosecutors calling it "one of the largest financial fraud cases in American history."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
