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The prospect of FTX's return to the competitive exchange landscape is being keenly watched by stakeholders, reflecting on its meteoric rise, groundbreaking approach, and tumultuous fall.
The evidence that comes to light in the case could be embarrassing for the crypto industry. And the high-profile nature of the case means that lots of people will be watching.
White-collar defendants use three main defenses: “It wasn’t me, I didn’t mean it, and the people that say I did are lying.” FTX's Sam Bankman-Fried is likely to go for “I didn’t mean it,” experts say.
Sam Bankman-Fried, 31, is facing fraud and conspiracy charges linked to FTX, which was once valued at $32 billion.
Barbara Fried described FTX debtors -- who sued her last week for misappropriating millions in FTX funds -- as "McCarthyite" who are on a "relentless pursuit of total destruction."