The trial of Sam Bankman Fried, the founder of FTX, has intensified as his close associates take the witness stand. Bankman Fried stands accused of utilising customer funds to support his own high-risk investments at Alameda Research, a hedge fund he established in 2017.

In an interview with CNBC-TV18, Daniel C Silva, a shareholder at Buchalter, emphasised the significance of investors coming forward to claim they were deceived. Such testimony would demonstrate the tangible harm caused by the alleged criminal actions, indicating that it had a detrimental impact on individuals.

The most recent witness to testify is Gary Wang, FTX's co-founder, who is providing testimony as part of a plea agreement. Wang has revealed in federal court that he engaged in financial misconduct alongside Bankman Fried while at FTX.

A close friend of Bankman Fried, Adam Yedidia, shed light on the perceived blurred lines between FTX and Alameda Research, suggesting that Bankman Fried had full control over both entities.

However, it's important to note that Sam Bankman Fried has pleaded not guilty to all 13 criminal charges brought against him. In his initial defense statement, Bankman Fried's lawyer asserted that his client had no intention to defraud anyone and had acted in good faith.

Watch accompanying video for entire conversation.