As the trial of Sam Bankman-Fried quickly approaches, Department of Justice prosecutors are adding to their roster of witnesses who plan to testify against the FTX founder. In their latest court filing, prosecutors said on Saturday that they plan to call FTX customers to the stand to detail how the exchange's collapse cost them millions of dollars.
FTX, once one of the world's largest crypto exchanges, declared bankruptcy in November shortly after it was revealed that firm didn't back user deposits one to one and instead was using customer money to cover up shortfalls at its associated trading firm, Alameda Research. The ensuing fallout led to a slew of criminal charges against Bankman-Fried and his circle of insiders—and nearly $9 billion owed to FTX customers.
