Closing arguments in the SBF trial will begin tomorrow. The defense rested its case on Tuesday after weeks of testimony from former FTX executives. The jury was sent home as the parties discussed jury instructions. It is uncertain how long the jury will take to reach a verdict, but Bankman-Fried faces a difficult situation with a low acquittal rate for federal criminal defendants. If convicted, he could receive a sentence of over 100 years in prison. Bankman-Fried has shifted blame onto his former co-conspirators, who testified against him under a cooperation agreement. Ellison's testimony was particularly damaging, portraying Bankman-Fried as a distant and unequal partner. Bankman-Fried's decision to testify came with the risk of contradicting himself, but perjury is rarely punished. The trial will continue tomorrow with closing arguments.
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