FTX Founder Sam Bankman-Fried Faces Testimony from Customers and Investors in Potential 110-Year Prison Sentence

The Department of Justice (DOJ) plans to call former FTX customers, investors, and employees as witnesses in the upcoming trial against crypto executive Sam Bankman-Fried. The customers and investors will testify about their expectations regarding the handling of their funds by FTX, while cooperating witnesses will provide insight into their interactions with Bankman-Fried and their understanding of his statements and actions. The DOJ intends to call both retail and institutional clients who transferred significant amounts of assets to FTX. The trial is set to begin next week, with jury selection starting on October 3.