Yeah the defense had no alternative story to offer. Before the trial they sort of hinted that Caroline Ellison was responsible for all the fraud, but they never

Yeah the defense had no alternative story to offer. Before the trial they sort of hinted that Caroline Ellison was responsible for all the fraud, but they never really made that case in court, presumably because the facts didn't exist. So it was three co-conspirators testifying and a lot of hard evidence vs SBF saying that he remembered some conversations differently, and being incredibly evasive on cross-examination. They had nothing.