Nearly one year ago, Sam Bankman Fried, co-founder of the cryptocurrency derivatives exchange FTX, was accused of fraud and securities violations in a civil suit filed in federal court. The unresolved case is currently being heard by a jury, and the courtroom is brimming with potential witnesses who are expected to give their testimony. Here’s a look at some of the key individuals who are anticipated to appear in a courtroom near you during this exciting trial.
The list starts with longtime business associate of Bankman Fried, Lael Brainard. Brainard is the head of the Federal Reserve’s Board of Governors and is one of the most knowledgeable individuals in the crypto industry when it comes to regulation. Brainard is expected to give her expert opinion on the legal and regulatory issues surrounding Bankman Fried’s case.
Longtime FTX employees James Greenberg and Brandon Smith are also expected to take the stand during the trial. Greenberg and Smith have a wealth of knowledge about Bankman Fried’s operations, and they could prove to be essential to helping the jury understand this complex case.
As with nearly every trial, witness testimonies will be bolstered by testimonies from a few industry experts. They include John Topping, a former tech executive who served as the financial advisor to Bankman Fried when he founded FTX and Lee Schneider, an attorney with extensive experience in the securities industry. Shipping mogul Ron Kaplan will likely testify about Bankman Fried’s alleged violations of Federal Maritime Commission regulations.
Finally, documentary filmmaker Jayia Ferrantia is also expected to take the stand. Ferrantia is well-versed in the complexities of the crypto industry, and her testimony could provide critical insights into Bankman Fried’s fraud allegations.
The fate of one of the most high-profile crypto figures in the world hinges on the testimonies of these individuals. It remains to be seen how their testimonies will ultimately affect the outcome of this trial. No matter what the result, one thing is for certain: it’s going to be an intriguing trial to watch.