Alameda's ex-CEO, Sam Bankman-Fried, may testify during trial

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Alameda's ex-CEO, Sam Bankman-Fried, may testify during trial

The low-key ex-CEO of Alameda Research, Sam Trabucco, may be called to appear as a witness or be discussed during Sam Bankman-Fried's trial, the court said.

Danielle Sassoon, assistant U.S. Attorney for the Southern District of New York, read a list of people who may testify or be related to the trial. She told a packed New York federal courthouse that Trabucco may be involved.

A few months later, the FTX behemoth collapsed. Since then, Trabucco has maintained a low profile.

The sister trading firm of FTX was Alameda Research. Bankman-Fried co-founded it, but resigned last year as head of its day-to-day operations.

The client money from FTX was used by Bankman-Fried to make risky bets on Alameda.

Sassoon also said that Anthony Scaramucci could be called to give evidence. After Donald Trump's spokesman died, Scaramucci was professionally and personally close to Bankman-Fried.

The two teamed up last April to host the Crypto Bahamas conference, and FTX acquired a 30% stake in Scaramucci's New York investment firm, SkyBridge Capital, for $40 million.

Bankman-Fried's trial started today in New York City. The 31-year-old is facing seven criminal charges, including money laundering, after billions of dollars in customer cash went up in smoke following the crypto company's bankruptcy last year.

The trial will last six weeks.