US Department of Justice: FTX customers, investors and employees to testify in SBF trial

PANews reported on October 1 that according to CoinDesk, the U.S. Department of Justice confirmed in two documents submitted on Saturday that federal prosecutors hope to subpoena former FTX customers, investors and employees in the upcoming trial against SBF. Customers and investors who own FTX stock can express their expectations about how FTX will hold their funds, and cooperating witnesses can speak about their interactions with the defendants and their understanding of the purpose of certain statements and actions by the defendants.

The letter states that client witnesses may testify for no more than 30 minutes at a time. The U.S. Department of Justice confirmed former FTX Chief Technology Officer Gary Wang, former FTX Engineering Director Nishad Singh, and former Alameda Research CEO Caroline Ellison as three cooperating witnesses. They all admitted charges related to the exchange and will testify in court. Another former FTX executive, Ryan Salame, pleaded guilty but had not agreed to testify as of a few weeks ago. The Justice Department also plans to call at least two other witnesses to testify if immunity is granted, but their identities have not yet been made public.

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