One, SBF has lengthy had confidence in his persuasive capabilities. Following FTX’s collapse final November, SBF back-channeled with quite a few reporters to inform his facet of story, typically downplaying his data of what was occurring and – in a preview of his present protection – making out that he was extra out-of-his-depth than malevolent and calculating. He even began his personal Substack, going towards the recommendation of quite a few attorneys who cautioned towards self-incrimination. And two: He has nothing to lose at this level. SBF could be very more likely to be convicted on not less than among the a number of counts of fraud he faces, and he’s very more likely to go to jail. His greatest probability of a diminished sentence, the pondering goes, is to make a case that he by no means supposed to defraud.
