Sam Bankman-Fried’s trial has entered its third day, as the FTX founder is facing seven different charges of wire fraud and money laundering. After jury selection ended on day 2, both sides geared up with key witnesses to present their case. 

Senior District Judge Lewis A. Kaplan is presiding over the case, and Assistant U.S. Attorney Nicolas Roos is leading the prosecution. The defense is being led by Mark Cohen. 

So far, three witnesses have been questioned and cross-examined. However, more than 22 key witnesses are set to appear throughout this trial, and some of them are close friends and colleagues of Bankman-Fried. 

Let’s take a brief look at who these witnesses are and how they are related to this historic trial. 

Adam Yedidia

A close college friend of Sam Bankman-Fried from their MIT days, Adam Yedidia took roles at both FTX and Alameda Research. Yedidia has been granted immunity by prosecutors, signaling his likely importance as a witness in the unfolding case.

Yedidia is currently testifying in the trial. He was subpoenaed by the court to testify. Here are some key points from his testimony: 

• Yedidia knew that some FTX funds went to Alameda, but he thought Alameda was just holding the money. 
• Yedidia mentioned that he didn’t know anything about Alameda spending FTX’s money. 
• FTX’s system showed that Alameda has $8 billion in debt, and Sam told Yedidia it was an error. 
• Yedidia initially wanted to say after FTX declared bankruptcy, but immediately resigned when he learned Alameda was using customer funds to pay its loans. 

Alfred Lin

A partner at venture capital firm Sequoia, Alfred Lin had indicated in June that Sequoia “would probably have made the investment” in FTX again. He also knew a friend of SBF’s parents, giving him a dual vantage point on both the personal and professional aspects of the case.

Caroline Ellison

Former girlfriend of SBF a

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Author: Mohammad Shahidullah

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