Prosecutors: Bankman-Fried Stole Billions From FTX Customers, Inner Circle Implicates Him

Prosecutors allege Bankman-Fried stole customer funds from FTX to prop up Alameda Research and enrich himself.

Bankman-Fried's defense claims it was more complicated - risky trades and loans explain missing funds.

All of Bankman-Fried's inner circle implicated him, saying they knew taking customer funds was wrong.

Ellison said Bankman-Fried directed spending billions in customer funds as Alameda collapsed.

Bankman-Fried designed the systems that allowed funds to be taken, witnesses testified.