US EditionJury selection to begin in trial of fallen cryptocurrency mogul Sam Bankman-Fried
- The trial of Bankman-Fried, the founder of the failed cryptocurrency brokerage FTX, begins with jury selection.
- Prosecutors allege that Bankman-Fried stole billions of dollars from FTX customer deposits to fund his hedge fund, buy real estate, and make illegal campaign donations to influence cryptocurrency regulation.
- Bankman-Fried's former competitors also face legal scrutiny, highlighting the wider consequences of the FTX collapse for the cryptocurrency industry.
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95 Articles
Jury selection begins in trial of fallen cryptocurrency mogul Sam Bankman-Fried - West Hawaii Today
NEW YORK — Jury selection began Tuesday in the fraud trial of FTX founder Sam Bankman-Fried after a prosecutor revealed that no discussions about a potential plea agreement took place in the nearly 10 months since the cryptocurrency executive was arrested and brought to the United States.
Cryptocurrencies | Sam Bankman-Fried on trial for fraud in New York
The trial of American Sam Bankman-Fried, a billionaire with a soaring fortune, cryptocurrency idol who has become a pariah, began on Tuesday in a New York federal court, where he must answer charges of fraud and embezzlement.
Sam faces his reckoning: The key questions as crypto’s trial of the century begins
A year ago, Sam Bankman-Fried was a fixture on magazine covers and in the halls of Congress, a crypto billionaire who hobnobbed with movie stars and bankrolled political campaigns. Now he faces decades in prison as his trial begins.
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