Former crypto titan Sam Bankman-Fried faces charges of fraud and money laundering related to the collapse of his crypto exchange, FTX.
Sam Bankman-Fried was sporting a fresh look at the first day of his trial Tuesday, with a spiffy new haircut. The former CEO of bankrupt crypto exchange FTX was wearing a fresh-pressed suit, and unlike the last time he was in court, he entered the 26th floor courtroom without shackles.
U.S. District Judge Lewis Kaplan presides over the fraud trial of Sam Bankman-Fried over the collapse of FTX, the bankrupt cryptocurrency exchange, at Federal Court in New York City, U.S., October 3, 2023 in this courtroom sketch.The day started slowly, as the jury selection process didn't get going until nearly 11 A.M. with a break for lunch before 12:30 P.M.
The judge said he would take Bankman-Fried standing up from the defense table as a sign to usher the jury out of the courtroom and address him directly. It is not yet clear whether the former crypto titan will testify in his defense. The first step in the six-week trial is assembling a 12-person jury, plus a few alternates. District Judge Kaplan instructed the court that he would be asking all of the questions, though the list had been drafted with feedback from lawyers on both sides. He later said that he expects the jury to be seated by Wednesday at the earliest.
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