Cocoa broker testifies to Bitcoin holdings on FTX in Sam Bankman-Fried trial


The prosecuting attorneys within the felony case towards former FTX CEO Sam Bankman-Fried, often known as SBF, have began to name witnesses.

In keeping with an Oct. 4 X (previously Twitter) thread by Inside Metropolis Press, the Assistant United States Attorneys presented testimony from a London-based cocoa dealer named Marc-Antoine Julliard who used FTX for crypto buying and selling. Julliard spoke on studying concerning the crypto trade from a pal, seeing advertisements for the firm 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 stated 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 post from Bankman-Fried that “property have been tremendous”. 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 expected 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.

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Choose Lewis Kaplan accomplished jury choice the morning of Oct. 4, whereupon protection attorneys and prosecutors started opening arguments within the felony trial. Assistant U.S. Legal professional 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 felony costs associated to the misuse of FTX buyer funds in his first trial, for which he has pleaded not responsible. He’ll face 5 further costs in a second trial scheduled for March 2024.

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