Former FTX CEO Sam Bankman-Fried, also known as SBF, is facing criminal charges in a trial that began on October 4th. The prosecution has called witnesses, including a London-based cocoa broker named Marc-Antoine Julliard, who spoke of learning about the crypto exchange from a friend and seeing advertisements for the firm by Gisele Bündchen. Julliard also testified that he had 4 Bitcoin worth roughly $80,000 at the time he was unable to withdraw from FTX in November 2022.The prosecution has also called former Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, former FTX engineering director Nishad Singh, former FTX chief operating officer Constance Wang and SkyBridge Capital co-founder Anthony Scaramucci to testify. It is unclear whether Bankman-Fried intends to take the stand himself.The prosecution has accused Bankman-Fried of lying to FTX users, lawmakers, and the public regarding the financial state of the company. The defense team has partly placed blame on Caroline Ellison. Bankman-Fried has pleaded not guilty to the 7 criminal charges related to the misuse of FTX customer funds in his first trial. He will face 5 additional charges in a second trial scheduled for March 2024.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇺🇸 🇬🇧 🇧🇷 |
| Sentiment | negative |
| Relevance Score | 8 |
| People | Anthony Scaramucci, Sam Bankman-Fried, Constance Wang, Nishad Singh, Gisele Bündchen, Gary Wang, Marc-Antoine Julliard, Lewis Kaplan., Caroline Ellison |
| Companies | SkyBridge Capital, Gisele Bündchen, Department of Justice, FTX, Alameda Research |
| Currencies | Ethereum, Bitcoin, Dogecoin |
| Securities | None |
