Jury selection begins for disgraced crypto mogul Sam Bankman-Fried

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Jury selection begins for disgraced crypto mogul Sam Bankman-Fried

Disgraced Crypto mogul Sam Bankman-Fried's trial has begun with jury selection, which could continue until Wednesday.

The founder of FTX appeared in court with freshly shorn hair, wearing a gray suit and patterned tie. For most of the hearing, Bankman-Fried sat before a laptop scrolling through court documents. He kept his hands on the laptop even while peering over his shoulder at prospective jurors or conferring with the four attorneys sat by his side.

A plea deal was never offered to Bankman-Fried, said assistant U.S. Attorney Nick Roos.

Of those asked for jury selection, just 12 will ultimately be selected to hear the trial.

ET, Judge Kaplan asked the jurors whether there was anything about the nature of the case that would make it difficult for them to be fair. At least 10 people were dismissed after several people raised their hands.

One of the jurors said he had heard about Sam Bankman-Fried on the podcast The Joe Rogan Experience.

Some were excused for weddings, medical appointments, travel to work, and one, who said he is a commodities trader, said a six-week trial would be too disruptive to his job.

SBF, the ex-CEO and co-founder of collapsed crypto giant FTX Bankman-Fried-better known as FTX, faces seven charges, including wire fraud, securities fraud, and money laundering.

FTX, once a major and well-known crypto firm, went bankrupt in November of last year.

Bankman-Fried was then arrested in Nassau, Bahamas, in December and extradited to the United States. On January 3 he pleaded not guilty to all charges.

The exchange's new management now is working to pay back creditors with millions of dollars in customer cash.

Bankman-Fried's case is expected to last about six weeks.