Breaking: Cocoa Broker Testifies on FTX Bitcoin Holdings in SBF Trial

Kelvin Munene Murithi
October 5, 2023
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Will These Satoshi-Era Dormant Wallets Impact Bitcoin Next Rally?

The courtroom was abuzz as London-based cocoa broker Marc-Antoine Julliard took the stand to testify regarding his Bitcoin holdings on the embattled crypto exchange, FTX. With the criminal trial of former FTX CEO Sam Bankman-Fried, colloquially known as SBF, gaining momentum, every revelation becomes significant.

Julliard, having engaged with FTX following recommendations from friends and the allure of ads featuring Gisele Bündchen, recounted his ventures into crypto trading. His portfolio, interestingly, included the ever-popular Dogecoin. 

However, the crux of his testimony revolved around the 4 Bitcoins, valued at roughly $80,000, which he claimed were stuck in the FTX vaults. This after a reassuring tweet from SBF stating that “assets were fine.”

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Witness Lineup in SBF Trial Sparks Interest

Furthermore, the stage is set for a cascade of testimonies. High-profile names such as Caroline Ellison, former CEO of Alameda Research, Gary Wang and Nishad Singh from the FTX leadership team, and even Anthony Scaramucci, co-founder of SkyBridge Capital, are on the list. Their insights promise to shed more light on the inner workings of FTX and its associated companies and perhaps even on the larger crypto landscape of 2022.

Moreover, as the trial gains traction, questions arise on whether SBF himself will take the stand and how will the testimonies of those who’ve pled guilty, such as Ellison, Wang, and Singh, influence the outcome. 

The FTX saga underscores the volatile nature of the crypto industry. With every revelation, stakeholders, both within and outside the crypto space, await with bated breath. As the trial progresses, the hope is for clarity, justice, and a roadmap for the future of digital finance.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.