On Thursday afternoon Eastern Time, the jury began deliberating on seven charges of fraud and conspiracy against Sam Bankman-Fried (SBF), related to his tenure as head of FTX and its sister trading company Alameda Research. The jury can reach a verdict anytime before 8:30 PM in New York today (8:30 AM on Friday in Beijing), and all twelve jurors must reach a unanimous decision on each of the seven charges to make a verdict. If they cannot reach a consensus today, the court will adjourn until next Monday to continue the deliberation. If all charges are proven, SBF could face up to 115 years in prison, with prosecutors calling it "one of the largest financial fraud cases in American history."

According to PeckShield's monitoring, an address marked as FTX has once again transferred approximately $1 million worth of COMP and YFI to Coinbase Prime.

According to data monitored by Spot On Chain, Jinse Finance reported that FTX/Alameda transferred 9 assets worth $46 million to Kraken, Binance, and Coinbase in the past 7 hours. 500,000 SOL coins ($21.6 million); 14 million MATIC coins ($9.3 million); 2,784 ETH coins ($5.15 million); 810,000 MASK coins ($2.51 million); 2.1 million SUSHI coins ($2.37 million); 7.67 million BAT coins ($1.64 million); 71.6 million GALA coins ($1.4 million); 650,000 LDO coins ($1.22 million); 4.47 million C98 coins ($842,000); Since October 26, FTX/Alameda has transferred about 30 assets worth about $170 million.

SBF's attorney Mark S. Cohen completed his closing argument in court on Wednesday evening local time, requesting the court and jury to find that SBF acted in "good faith" throughout its operation of FTX and Alameda Research, and therefore cannot be found guilty of fraud. In his closing argument, the attorney stated that it was "real-world miscommunications," "mistakes," and "delays" that harmed other members of FTX and Bankman-Fried's crypto empire, not intentional fraud.<br>

According to Yu Jin Detection, 15 minutes ago, FTX address (FTX Cold Storage #2) redeemed 1,600,645 SOL (worth $65.46 million) from pledge. Currently, the address still has 3,963,725 SOL ($162 million) in pledge. FTX/Alameda address has accumulated a transfer of 1,259,886 SOL ($40.67 million) to CEX since 10/25.

According to Spot On Chain monitoring, FTX/Alameda Research deposited 6 types of cryptocurrencies worth $5.49 million into Binance and Coinbase 30 minutes ago, including AAVE, ALICE, AXS, C98, DYDX, and ZRX. The top three in terms of amount deposited are 1.14 million DYDX tokens (approximately $2.64 million), 192,888 AXS tokens (approximately $1.05 million), and 5,858 AAVE tokens (approximately $522,000). Currently, FTX/Alameda Research has deposited a total of 26 EVM tokens worth approximately $83.6 million to the exchanges.

According to data monitored by Spot On Chain, FTX deposited three assets worth $8.12 million into Coinbase about three hours ago, including: 46.5 million GRT ($4.85 million), 972,073 RNDR ($2.3 million), and 708.1 MKR ($0.967 million).

Closing arguments in the criminal trial of FTX founder Sam Bankman-Fried (SBF) are scheduled for November 1, following the denial of a request for acquittal by lead defense attorney Mark Cohen on Day 15 of the trial. Both sides have concluded evidence discovery and declined to call further witnesses. SBF has pleaded not guilty to seven fraud-related charges, but is expected to face five more counts in a second trial in March 2024. During discovery, prosecutors presented evidence alleging that SBF siphoned $8 billion worth of FTX customers' deposits to fund risky trades at his hedge fund, while SBF claimed that this was a necessary risk management procedure. Key FTX personnel have already pled guilty to charges relating to the exchange's collapse last November and are cooperating with the government in their testimonies against SBF. If convicted, SBF could face a maximum penalty of 115 years in prison.

SBF stated in court on Monday that Alameda has a credit limit of $65 billion on FTX, while the second-highest customer has a credit limit of $150 million. In addition, US Assistant Prosecutor Danielle Sassoon asked: Does Alameda have more than $64 billion in credit limit than any other customer? SBF replied: Yes. The judge asked again: Has Alameda been allowed to exceed FTX's normal borrowing limit since the early days of FTX? SBF replied: I'm not sure.

According to the Wall Street Journal, SBF admitted in Monday's hearing that some crypto companies have special privileges on FTX. When asked by prosecutors if FTX customers could use their equity in external investments as collateral for the exchange, SBF said that a company called Crypto Lotus could do so, which is associated with Three Arrows Capital.