FTX Founder SBF on Trial, Former Colleagues to be Key Witnesses

This week, FTX founder Sam Bankman-Fried(SBF) will face trial, as the once-mighty cryptocurrency exchange is accused of misappropriating billions of dollars in customer funds. During the six-week trial, the prosecution will reveal details of FTX's alleged illegal activities through various evidence.

The most compelling evidence may come from SBF's former colleagues and friends. Among them, Caroline Ellison and Gary Wang have attracted significant attention as key witnesses. Ellison was the CEO of Alameda Research, while Wang is a co-founder of FTX. Both are closely tied to FTX and its affiliate Alameda Research, and have pleaded guilty to related charges.

Ellison is considered one of the few people who truly understand the inner workings of FTX. She admitted to deliberately misleading lenders and secured unlimited credit for Alameda Research through FTX. As SBF's ex-girlfriend, she may also provide some personal insights.

Wang, as the technical head of FTX, is seen as a key player. He is accused of allowing Alameda to maintain virtually unlimited credit lines at FTX. Wang, who has known SBF for many years, has an in-depth understanding of his personal and professional life.

In addition, Nishad Singh, as the engineering chief of FTX, will also testify. He is one of the three who controls the keys to FTX's matching engine and is aware of the situation where FTX lent customer funds to Alameda.

In addition to these core individuals, there are some expert witnesses who will provide professional opinions on FTX's financial condition, technical architecture, and other aspects. The defense has also prepared several witnesses, including experts in financial risk management and data analysis, to counter the prosecution's arguments.

It is noteworthy that some executives closely related to SBF, such as Sam Trabucco and Dan Friedberg, have not yet been listed as possible witnesses. Although former FTX Digital Markets co-CEO Ryan Salame has pleaded guilty, he may not testify.

This trial will reveal many details behind the collapse of FTX and have a profound impact on the cryptocurrency industry. As the court proceedings continue, more insider information may come to light, attracting widespread attention from the industry and the public.