Why Bankman-Fried Pleaded Not Guilty

credit – Twitter.com

Cetoex News – There will undoubtedly be conspiracies over the potential underhanded tactics to free Bankman-Fried. Yet, there are two viable reasons why Bankman-Freid and his legal team have opted for this strategy.

The first is that they are holding out for a better plea deal than whatever one they’ve received from the prosecution. This option seems the most likely, as Bankman-Fried is allowed to rescind or alter his plea prior to his trial date. Furthermore, the negotiations are likely coming from a strong hand on the prosecution side, forcing SBF to match in hopes of getting a better plea arrangement.

credit – Wall Street Journal.com

The second option, and the far more fearsome one, is that Bankman-Fried actually believes he is innocent. I know, I know, it’s ridiculous, but the reality is that this isn’t the first time the FTX founder has clamored for his innocence. Prior to his arrest, Bankman-Fried paraded his innocence in interviews and public appearances. He fulfilled his very own I’m innocent publicity tour to gain some semblance of sympathy.

Conclusively, that option is just as likely knowing what we do of Bankman-Fried and his legal team. Conversely, the reality of that perspective will be met with a harsh realization if the former FTX head opts to face his trial pleading not guilty.