Several former executives of cryptocurrency exchange FTX or its sister companies are on the list to testify in the criminal case brought by the US Department of Justice against Sam “SBF” Bankman-Fried.
During jury selection for the SBF trial on October 3, Assistant U.S. Attorney Danielle Sasson said former Alameda Research CEO Carolyn Ellison, FTX co-founder Gary Wang, former FTX engineering director Nishad Singh, and former FTX chief operating officer Constance Wang They were among the names of witnesses who might testify against Bankman-Fried. Ellison, Gary Wang and Singh have already pleaded guilty to charges related to their roles in the FTX collapse, while Ryan Salama – former co-CEO of FTX Digital Markets and the fifth person directly connected to the criminal case – will not testify.
Other names brought up by Sassoon include SkyBridge Capital co-founder Anthony Scaramucci, who has previously criticized SBF’s alleged role in the 2022 cryptocurrency market downturn. Judge Lewis Kaplan began proceedings in SBF’s criminal trial by asking potential jurors questions related to… With the case.
According to multiple reports from the court, Bankman-Fried first appeared without his signature messy hair, which appeared to have been cut short in the first week of the trial. Kaplan emphasized that prosecutors did not offer the former FTX CEO a plea deal in the case and questioned potential jurors about scheduling, hardship and conflicts of interest. He also issued a warning about avoiding consumption of media related to the trial.
“This case generated publicity.” He said Kaplan, according to reports. “You have to stay away from it — podcasts, anything. Did any of you watch 60 Minutes on Sunday? [This likely refers to Michael Lewis’ interview on Bankman-Fried.]
I’m standing outside SDNY attending the SBF trial pic.twitter.com/WDGd8kVqdQ
– Tiffany Fong (@TiffanyFong_) October 3, 2023
Related: What was Sam Bankman Fried doing in prison?
At press time, Kaplan had dismissed four of the 12 potential jurors in court, and said selection would continue on the morning of October 4. The trial is expected to continue until November, despite reports that the judge He said And that his cases “rarely take as long as lawyers think they do.”
Opening arguments in the criminal trial are expected to begin on October 4, with both the defense and prosecutors taking approximately 25 to 40 minutes to address the jury. Bankman-Fried faces seven criminal charges in his first trial, with five more charges to be addressed in a second trial starting in March 2024.
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