Prosecutors argue ‘effective altruism’ inadequate in Bankman-Fried case

In the scams trial of Sam Bankman-Fried, district attorneys have asked for the judge to inform the jury that the accuseds assertion that he is a reliable altruist needs to not serve as a genuine defense. Bankman-Fried faces claims of abusing billions of dollars from FTX consumers for personal purposes, such as political contributions, genuine estate and investments.In a letter provided on Thursday, the prosecution kept in mind that Bankman-Frieds legal counsel sought to contend that he ought to not be charged with scams because he had intentions to compensate clients through techniques like FTXs growth and profitable investments. Consequently, the jury will begin considerations to determine Bankman-Frieds legal fate.Magazine: Can you trust crypto exchanges after the collapse of FTX?