Sam Bankman-Fried prosecutor says coder's cooperation sped up case

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NEW YORK : U.S. prosecutors were able to charge FTX founder Sam Bankman-Fried shortly after the cryptocurrency exchange's collapse in part because they secured the cooperation of its chief software engineer, one of the prosecutors said on Tuesday.

FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves the Manhattan federal court in New York City, U.S. March 30, 2023. REUTERS/Amanda Perobelli/File PhotoNEW YORK : U.S.

"Without that, would we have found it? Probably," Rehn said at a discussion hosted by law firm Wilson Sonsini."But it would have taken a software expert weeks or even months." Bankman-Fried is expected to appeal his conviction, after testifying that he made mistakes in managing risk but never intended to steal funds. He had been arrested in December 2022, just one month after FTX's collapse and bankruptcy.

Source: Digital Coin News (digitalcoinnews.net)

 

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