Cocoa broker testifies to Bitcoin holdings on FTX in Sam Bankman-Fried trial

📆 10/5/2023 3:29 AM
📰 Cointelegraph

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On the second day of former FTX CEO Sam Bankman-Fried’s criminal trial, jury selection was finalized, both sides made opening arguments, and the first witness took the stand.

testimony from a London-based cocoa broker named Marc-Antoine Julliard, who used FTX for crypto trading. Julliard spoke on learning about the crypto exchange from a friend, seeingthat “assets were fine.” SBF’s legal team reportedly asked Julliard whether he had had contact with FTX prior to his testimony and the reasons behind his crypto investment.

Bankman-Fried faces seven criminal charges related to the misuse of FTX customer funds in his first trial, for which he has pleaded not guilty. He will face five additional charges in a second trial scheduled for March 2024.

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Sam Bankman-Fried: key moments leading up to FTX founder's trialSam Bankman-Fried's fraud trial, which is set to kick off on Tuesday, marks the culmination of a yearlong legal saga stemming from the dramatic collapse of the FTX cryptocurrency exchange he founded.
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