The Justice Department’s eight-count indictment against Sam Bankman-Fried was designed to prevent the FTX co-founder from using the ambiguity of crypto as a defense, according to a former assistant U.S. attorney. The indictment covers fraud against both lenders and customers and conspiracy to commit both commodities and securities fraud. Regulators have been divided on whether crypto is a commodity or a security. By charging Bankman-Fried with fraud in both areas, the prosecution covers both areas.