CoinDesk reported:
“If Mr. Bankman-Fried acted in good faith with respect to the use of FTX customer funds and with the belief that as a business matter, FTX would be able to cover all customer withdrawal requests, he did not act with specific intent to defraud,” Bankman-Fried’s filing said, telling the jury that “It is also not relevant whether you believe certain conduct should have been regulated even though it was not regulated at the time.”