In its opening statement, SBF's defense said FTX was a futures exchange that "didn't have a chief risk officer, which became an issue" when the crypto crash hit (Elizabeth Lopatto/The Verge)

Elizabeth Lopatto / The Verge:
In its opening statement, SBF's defense said FTX was a futures exchange that “didn't have a chief risk officer, which became an issue” when the crypto crash hit  —  The prosecution came out swinging.  Oddly, Bankman-Fried's defense didn't.

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