Key takeaways:
- In his criminal prosecution, FTX founder Sam Bankman-Fried (SBF) is scheduled to testify on October 26.
- It is anticipated that the defense attorneys will likely conclude the next day, while the US government will likely conclude its case against SBF early on October 26.
In his criminal prosecution, FTX founder Sam Bankman-Fried (SBF) is scheduled to testify on October 26, as reported by Inner City Press on X (previously Twitter).
The legal team for SBF disclosed that they planned to call three important witnesses supporting the company. These include Bankman-Fried himself, Joseph Pimbley, a financial services specialist who will testify in favor of SBF, and an attorney from the Bahamas who has not yet been recognized but may testify in the case.
The particular topic of SBF’s impending testimony has not been made public by his legal team. But the troubled creator would try to prove he was innocent of the charges against him and maintain that, during his leadership of the now-defunct exchange, he always behaved in good faith.
Meanwhile, the US government plans to introduce FBI agent Mark Troiano as a witness to bolster its allegations against the discredited founder. The main topics of Troiano’s testimony will be the use of the auto-delete tool and internal interactions on the now-defunct crypto site.
It is anticipated that the defense attorneys will likely conclude the next day, while the US government will likely conclude its case against SBF early on October 26. Depending on SBF’s testimony, the prosecutors said they were unsure if they would need rebuttal witnesses. Before October 31, closing arguments may be held.
Prosecutors have, over the past three weeks, disclosed startling information about SBF’s management of the defunct cryptocurrency platform and its sibling trading business, Alameda Research. Former senior executives from these companies, such as Gary Wang, Nishad Singh, and Caroline Ellison, have discussed their involvement in the crimes that caused FTX to fail.
It is unclear what evidence SBF could present to the jury to refute the account that the other witnesses have thus far offered. After being put on hold since October 19, the trial is scheduled to start again on October 26.
