Bittar’s Euribor conviction quashed in fresh blow to the SFO

Crypto Insight Summary: The rate-rigging conviction of ex-Deutsche Bank trader Christian Bittar was overturned on Friday, despite the fact that he pleaded guilty to the allegations in 2018. The ruling results in eight of the nine rate-rigging convictions in the United Kingdom being overturned, which is yet another setback for the Serious Fraud Office (SFO). Moreover, the ruling... Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: The ruling is unrelated to crypto markets and has no direct impact on trading or investor sentiment.