Here’s What SBF Lawyers Might Say in His Defense

December 20, 2022 Story- Divya Sinha

Last week former FTX CEO Sam Bankman-Fried got arrested in the Bahamas at the behest of U.S. prosecutors.

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The US government has charged him with eight criminal violations from wire fraud to money laundering to conspiracy to commit fraud.

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Mark Kasten, a member of the Blockchain and Crypto Assets Practice Group at law firm Buchanan Ingersoll & Rooney says the SBF’s lawyers could argue that he is not a criminal and is incompetent.

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Pointing out to SBF interviews, Kasten told FOX Business that that’s probably the defense that they were going to use anyway.

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Kasten also mentioned that SBF can claim that he was not aware of the alleged movement of funds from FTX to Alameda.

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Further, he may claim that he did not have oversight as he had delegated those responsibilities to other members of leadership.

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Kasten said observers can expect SBF's lawyers to attack the credibility of their collaborators as they are likely testifying against him.

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