"Because he didn't want to plead guilty, his girlfriend was the one to be accused. Hey, all men are the same."
Sam Bankman-Fried (SBF), the founder of the FTX cryptocurrency exchange who is already facing bankruptcy has prepared his defense strategy for his trial that will take place on October 3, 2023.
Earlier this week, the SBF who allegedly lied about the FTX crash shared a 250-page essay on self-justification and reflection as the crypto exchange collapsed.
Through documents seen by The New York Times, SBF's complex state of mind during his eight-month house arrest has provided new details about what steps he might take in his legal defense.
SBF has accused Alameda's former Chief Executive Officer (CEO) Caroline Ellison, who is also his ex-girlfriend, as the cause of FTX's overnight collapse after failing to implement adequate trading strategies.
In addition to Ellison also allegedly avoiding having discussions about risk management for FTX, SBF also accused the law firm overseeing FTX's bankruptcy, Sullivan & Cromwell, of fabricating stories that he misappropriated user funds.
It is not denied that SBF may be in prison for decades if convicted, but he who still pleads not guilty will be allowed bail of $250 million and placed under house arrest in Palo Alto, California where his parents live.
However, SBF's bail was revoked in August 2023 due to allegations of witness tampering plus FTX this week sued his parents, then asked the court to withdraw the funds taken by them.
