The prosecuting attorneys within the prison case in opposition to former FTX CEO Sam Bankman-Fried, also called SBF, have began to name witnesses.
Based on an Oct. 4 X (previously Twitter) thread by Inside Metropolis Press, the Assistant United States Attorneys offered testimony from a London-based cocoa dealer named Marc-Antoine Julliard who used FTX for crypto buying and selling. Julliard spoke on studying in regards to the crypto trade from a buddy, seeing ads for the agency by Gisele Bündchen, and utilizing the FTX cell app for buying and selling cryptocurrencies together with Dogecoin (DOGE).
In testimony earlier than the courtroom, the cocoa dealer mentioned he had 4 Bitcoin (BTC) value roughly $80,000 on the time he was unable to withdraw from FTX in November 2022, following a Twitter publish from Bankman-Fried that “belongings had been fantastic”. SBF’s authorized staff reportedly requested Julliard whether or not he had had contact with FTX previous to his testimony, and the explanations behind his crypto funding.
Among the many witnesses anticipated to testify at trial are former Alameda Analysis 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 as an instance the lead-up to @SBF_FTX‘s trial. Right here’s Bankman-Fried’s life within the slammer. From mirror monologues to peanut butter banquets, the autumn is actual. pic.twitter.com/v73IA6d5l2
— Cointelegraph (@Cointelegraph) October 3, 2023
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Choose Lewis Kaplan accomplished jury choice the morning of Oct. 4, whereupon protection legal professionals and prosecutors started opening arguments within the prison trial. Assistant U.S. Lawyer claimed SBF had lied to FTX customers, lawmakers, and the general public concerning the monetary state of the corporate, as the previous CEO’s protection staff partly positioned blame on Caroline Ellison.
Bankman-Fried faces 7 prison fees associated to the misuse of FTX buyer funds in his first trial, for which he has pleaded not responsible. He’ll face 5 extra fees in a second trial scheduled for March 2024.
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