Federal prosecutors revealed part of their slate of witnesses who will testify in the criminal case against disgraced FTX founder Sam Bankman-Fried only days before the high-profile trial is set to start. 

In a pair of filings to the court over the weekend, prosecutors said that they plan to introduce testimony from FTX customers and investors affected by the firm’s collapse last November to lay out how they expected the company would take care of their digital assets rather than how they were ultimately used.

“In each of these cases, the anticipated testimony [will be] about how the witnesses understood their relationship with the defendant and his companies,” read the prosecutors’ filing, adding that the testimony will show “how reasonable persons would have interpreted and understood representations made by [SBF] regarding FTX’s treatment of customer assets and other issues.”

In another letter, the government alerted the court that it would use testimony from non-U.S. citizens to testify how they expected their funds would be looked after once they were deposited with FTX. Before its demise, much of FTX’s client base was abroad, with U.S. customers only able to access it through a smaller subsidiary: FTX U.S.

Among those prosecutors want to testify is an Go to Source to See Full Article
Author: Nicholas Morgan

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