FTX founder Sam "SBF" Bankman-Fried's criminal trial is advancing to closing arguments on November 1, with the judge denying a request for acquittal. SBF faces seven fraud charges and is set to face five more in a future trial, including a $150 million bribe allegation.
Key FTX employees have pleaded guilty and are cooperating as witnesses. If convicted, SBF could face a 115-year prison sentence.