The U.S. prosecutors delivered closing arguments in the SBF case, stating "This is fraud, plain and simple".

BlockBeats reported on November 1st that in the Sam Bankman-Fried case in New York on November 1st, prosecutors claimed in their closing arguments that Bankman-Fried committed fraud and conspired to commit fraud. Prosecutor Nicolas Roos pointed out: "This is fraud, plain and simple. There was Alameda before FTX." Former FTX CEO Bankman-Fried faces seven charges of fraud and conspiracy to commit fraud, and if convicted, he could face up to 115 years in prison. The decision in this case will be made by a 12-person jury in the coming days.