The true trial of Sam Bankman-Fried begins today with the opening statements.
What can we expect from today’s opening statements?
This is a pivotal moment in the trial, as it allows both the prosecution and defense to set the stage for the jurors and present the most impactful facts as they perceive them.
The biggest unknown is how Bankman-Fried will seek to defend himself, and the opening statements will provide the first real indication. It is likely that the defense will argue that Mr. Bankman-Fried had no intention of committing fraud and that the issues with FTX were rather the result of his inexperience and lack of business acumen.
At this stage, both parties are limited to outlining the evidence they intend to present, but the opening statements will give us insight into how Bankman-Fried will attempt to support this interpretation of events.