I don't think I've ever read any substantive analysis that thought he was too young to know he was committing fraud. Not saying it never happened, but none of the analysis I've seen is suggesting he shouldn't be tried as an adult.<p>However, I have seen (and agree with) quite a bit of analysis suggesting that a person in their mid-20's with limited experience in the world of finance should not have been given this much money to work (gamble) with. He didn't just make a lot of money on crypto; he was given a lot of money by VC investors, who should have known better. The emphasis on his youth is, I think, meant to suggest that the investors were not doing their job, which is after all to determine whether a person should be given money to invest, and if so how much. Someone who plays video games during a pitch, unless they are pitching their new video game, should not have been given other people's money.