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

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

In line with an Oct. Four X (previously Twitter) thread by Interior 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 in regards to the crypto trade from a buddy, seeing commercials 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 court docket, the cocoa dealer stated he had Four Bitcoin (BTC) value roughly $80,000 on the time he was unable to withdraw from FTX in November 2022, following a Twitter put up from Bankman-Fried that “property had been effective”. SBF’s authorized crew 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 example 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

Associated: FTX-SBF fees legitimate regardless of lack of US crypto legal guidelines, DOJ says

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 crew 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 further fees in a second trial scheduled for March 2024.

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