Attorneys representing the United States Justice Department have concluded their case against Sam “SBF” Bankman-Fried after three weeks of expert witnesses and testimonies from former FTX and Alameda employees. The government’s final witness was FBI agent Mark Troiano, who testified about SBF’s involvement in over 300 groups on the messaging app Signal. Following Troiano’s testimony, Bankman-Fried’s lawyers motioned to dismiss, but the request was denied by Judge Lewis Kaplan. SBF’s attorneys presented two witnesses in his defense. Krystal Rolle, a Bahamas-based attorney, testified that she accompanied SBF to a meeting with the Securities Commission of the Bahamas in November 2022 and witnessed him transferring FTX assets to authorities. Joseph Pimbley from PF2 Securities testified that he was paid to extract data from Amazon Web Services on Alameda Research’s line of credit with FTX and data on millions of users of the crypto exchange. The Justice Department’s attorneys had not yet cross-examined Pimbley at the time of publication. Judge Kaplan frequently pushed back on questions posed by SBF’s lawyers, stating that they were not helpful and urging them to get to the point. Bankman-Fried had not yet testified, but his lawyers anticipated that he would be on the stand for approximately four hours. Defense attorneys informed Judge Kaplan that they planned to have Bankman-Fried testify as part of their case. The trial is expected to conclude within a few business days, with closing arguments and the judge considering any motions submitted by the prosecution or defense. However, Bankman-Fried is scheduled to face five more criminal counts in a second trial set to begin in March 2024. He has pleaded not guilty to all charges in both cases.

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Information	Details
Geography	North America
Countries	🇧🇸
Sentiment	neutral
Relevance Score	1
People	Judge Lewis Kaplan, Joseph Pimbley, Mark Troiano, Krystal Rolle, Sam Bankman-Fried
Companies	PF2 Securities, Amazon Web Services, Securities Commission of the Bahamas, Alameda Research, FTX
Currencies	None
Securities	None