The U.S. prosecution delivered closing arguments in the SBF trial: This is fraud, blatant theft

ChainCatcher news, SBF's trial has entered its final stage, and the U.S. prosecution delivered its closing arguments on November 1.

U.S. Assistant Attorney Nicolas Roos presented numerous charts used as evidence to the jury, stating, "This is fraud. It's straightforward theft, with Alameda existing before FTX."

Roos continued, "The defendant marketed the liquidation engine, claiming FTX was safe. He told Congress that collateral had to be placed on the platform itself, not just staked. But secret rules allowed Alameda to borrow billions without any risk of liquidation."

The closing arguments are the last opportunity for lawyers to persuade the jury and the judge that they should win the case. The prosecution previously estimated that their closing arguments would take up to 4 hours. After that, SBF's defense attorneys will also present their closing arguments.