FTX execs who pleaded guilty are potential witnesses in Sam Bankman-Fried’s criminal case


Many former executives with cryptocurrency trade FTX or its sister corporations are on the checklist to testify in the US Justice Division’s prison case towards Sam “SBF” Bankman-Fried.

Throughout jury choice for SBF’s trial on Oct. 3, Assistant U.S. Lawyer Danielle Sassoon mentioned former Alameda Analysis CEO Caroline Ellison, FTX co-founder Gary Wang, former FTX engineering director Nishad Singh and former FTX chief working officer Constance Wang have been among the many names of witnesses who might testify towards Bankman-Fried. Ellison, Gary Wang and Singh have already pleaded guilty to charges associated to their roles within the collapse of FTX, whereas Ryan Salame — the previous co-CEO of FTX Digital Markets and the fifth individual instantly related to the prison case — is not going to testify.

Different names floated by Sassoon included SkyBridge Capital co-founder Anthony Scaramucci, who has beforehand criticized SBF’s alleged role within the crypto market downturn of 2022. Choose Lewis Kaplan began proceedings within the SBF prison trial by asking potential jurors questions associated to the case.

In line with a number of reviews from the courthouse, Bankman-Fried appeared for the primary time with out his signature messy hair, which appeared to have been lower for the primary week of the trial. Kaplan confirmed that prosecutors had not provided the previous FTX CEO a plea deal within the case and questioned potential jurors on scheduling, hardships and conflicts of curiosity. He additionally issued a warning about avoiding the consumption of media associated to the trial. 

“This case has generated publicity,” said Kaplan, in accordance with reviews. “You’re to steer clear of it — podcasts, something. Did any of you watch 60 Minutes on Sunday?” [This likely refers to Michael Lewis’ interview on Bankman-Fried.]

Associated: What has Sam Bankman-Fried been up to in jail?

On the time of publication, Kaplan had dismissed 4 out of 12 potential jurors within the courtroom and mentioned choice would proceed the morning of Oct. 4. The trial is predicted to final by November, although the decide reportedly said that his circumstances “hardly ever take so long as the legal professionals assume.”

Opening arguments within the prison trial are anticipated to start on Oct. 4, throughout which the protection and prosecutors will every take roughly 25 to 40 minutes to handle the jury. Bankman-Fried faces seven prison counts in his first trial, with one other 5 prices to be addressed in a second trial beginning in March 2024.

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