Today marks the start of Sam Bankman-Fried’s criminal trial at the U.S. Southern District courthouse in New York. Bankman-Fried, the disgraced founder of the FTX crypto exchange empire, is facing seven charges of fraud and money laundering related to the collapse of his business. The trial proceedings will begin with the jury selection process, followed by opening arguments tomorrow. In anticipation of the trial, Bankman-Fried’s legal team, led by attorneys Mark Cohen and Christian Everdell, both former federal prosecutors, will mount his defense. As the trial unfolds, it will undoubtedly shed light on the details and implications of Bankman-Fried’s alleged fraudulent activities.

Source: Washington Post October 03, 2023 14:32 UTC