The prosecuting attorneys in the felony case towards former FTX CEO Sam Bankman-Fried, often known as SBF, have began to name witnesses.
According to an Oct. 4 X (previously Twitter) thread by Inner City Press, the assistant United States attorneys presented testimony from a London-based cocoa broker named Marc-Antoine Julliard, who used FTX for crypto buying and selling. Julliard spoke on studying concerning the crypto trade from a buddy, seeing advertisements for the firm by Gisele Bündchen, and utilizing the FTX cellular app for buying and selling cryptocurrencies together with Dogecoin (DOGE).
In testimony earlier than the court docket, the cocoa broker stated he had 4 Bitcoin (BTC), price roughly $80,000 on the time, that he was unable to withdraw from FTX in November 2022, following a Twitter post from Bankman-Fried that “assets were fine.” SBF’s authorized staff reportedly requested Julliard whether or not he had had contact with FTX prior to his testimony and the explanations behind his crypto funding.
Among the witnesses expected to testify at trial are former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, former FTX engineering director Nishad Singh, former FTX chief working officer Constance Wang and SkyBridge Capital co-founder Anthony Scaramucci. It’s unclear whether or not Bankman-Fried intends to take the stand himself.
We determined to illustrate the lead-up to @SBF_FTX‘s trial. Here’s Bankman-Fried’s life in the slammer. From mirror monologues to peanut butter banquets, the autumn is actual. pic.twitter.com/v73IA6d5l2
— Cointelegraph (@Cointelegraph) October 3, 2023
Related: FTX-SBF charges valid despite lack of US crypto laws, DOJ says
Judge Lewis Kaplan accomplished jury choice the morning of Oct. 4, whereupon protection attorneys and prosecutors started opening arguments in the felony trial. Assistant U.S. Attorney Thane Rehn claimed SBF had lied to FTX customers, lawmakers, and the general public relating to the monetary state of the corporate, whereas the previous CEO’s protection staff partly positioned blame on Caroline Ellison.
Bankman-Fried faces seven felony expenses associated to the misuse of FTX buyer funds in his first trial, for which he has pleaded not responsible. He will face 5 extra expenses in a second trial scheduled for March 2024.
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