Ian McGinley, a partner at law firm Akin Group, said the testimony of former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang could be detrimental to Bankman-Fried as he battles criminal charges, CoinDesk reported. Last week, Ellison and Wang admitted they were aware of the casual relationship between SBF-owned trading firm Alameda Research and FTX, as well as the alleged mismanagement of client funds, McGinley said. That made SBF's defense more challenging, with SBF's lawyers "difficult to persuade" two cooperating witnesses.