Close associates of Sam Bankman-Fried will take the stand today in an ongoing trial | Taza Khabre

Source: A video screenshot, YouTube / CBS News

As the trial of the former CEO of collapsed crypto exchange FTX Sam Bankman-Fried enters its third day, the prosecution is expected to call two close associates of the accused.

Bankman-Fried faces seven charges bordering on fraud and related conspiracy to commit fraud with the possibility of more than 100 years in prison if convicted.

Adam Yedidia, a close friend of SBF and a former employee of FTX and its sister company Alameda, is expected to appear today for the second time since the trial began.

Also, Gary Wang, a close collaborator of SBF during his time at FTX, is expected to make his first booth appearance today.

Wang is the co-founder of FTX who has been named as a key witness for the prosecution after pleaded guilty to wire fraud and conspiracy to commit fraud brought against him by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

During the investigation, it was revealed that Gary Wang and SBF date back to their high school days and lived together with eight roommates in the famous penthouse in the Bahamas.

The first day of the trial saw two witnesses, Adam Yedidia and Mark Juilliard, victim of the alleged SBF fraud who lost 4 Bitcoin (BTC) worth over $100,000 before the FTX collapse.

In the weeks leading up to the SBF trial, there has been speculation that several former associates and employees would testify against him after they pleaded guilty.

The third day of the trial is scheduled to resume at 10:00 a.m. Eastern time in federal court in Manhattan, New York.

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