The prosecuting legal professionals within the prison case in opposition to former FTX CEO Sam Bankman-Fried, sometimes called SBF, have began to name witnesses.
In line with an Oct. 4 X (previously Twitter) thread by way of Interior Town Press, the Assistant United States Legal professionals offered testimony from a London-based cocoa dealer named Marc-Antoine Julliard who used FTX for crypto buying and selling. Julliard spoke on finding out concerning the crypto change from a chum, seeing ads for the company by way of Gisele Bündchen, and the use of the FTX cell app for buying and selling cryptocurrencies together with Dogecoin (DOGE).
In testimony earlier than the court docket, the cocoa dealer mentioned he had 4 Bitcoin (BTC) price more or less $80,000 on the time he used to be not able to withdraw from FTX in November 2022, following a Twitter submit from Bankman-Fried that “property have been tremendous”. SBF’s prison workforce reportedly requested Julliard whether or not he had had touch with FTX previous to his testimony, and the explanations at the back of his crypto funding.
A number of the 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 leader 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 for instance the lead-up to @SBF_FTX‘s trial. Right here’s Bankman-Fried’s lifestyles within the slammer. From reflect monologues to peanut butter banquets, the autumn is actual. percent.twitter.com/v73IA6d5l2
— Cointelegraph (@Cointelegraph) October 3, 2023
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Pass judgement on Lewis Kaplan finished jury variety 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 in regards to the monetary state of the corporate, as the previous CEO’s protection workforce in part positioned blame on Caroline Ellison.
Bankman-Fried faces 7 prison fees associated with the misuse of FTX buyer budget in his first trial, for which he has pleaded no longer to blame. He’s going to face 5 further fees in a 2nd trial scheduled for March 2024.
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