Bankman-Fried to Claim Good Faith Despite FTX Fund Misuse, But Prosecution Evidence May Undermine Defense

Bankman-Fried will likely argue he did not think using FTX customer funds was improper and will challenge credibility of witnesses.

He may claim he lacked criminal intent despite mistakes at FTX.

But testimony he knew Alameda improperly used FTX customer funds could undermine a good faith defense.

Former colleagues like Ellison, Wang and Singh cooperating with prosecutors could challenge his good faith claims.

Bankman-Fried may argue other crypto firms used customer assets similarly, contributing to his belief FTX's actions were appropriate.