Jury selection for Sam Bankman-Fried trial continues

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Jury selection for Sam Bankman-Fried trial continues

The initial day of the highly-anticipated trial involving Sam Bankman-Fried ended without a final jury being selected. The process is expected to continue, with the final selection expected to be completed soon.

CryptoSlate said the U.S. District Court in New York is still in the process of selection of 12 jurors and six alternates. Some potential jurors were dismissed by Judge Lewis Kaplan because of conflicts of interest and several other reasons. A substantial number of potential jurors reported that their or their family members had experienced financial losses in the cryptocurrency market.

voir dire has brought a wide range of topics to the table, including personal beliefs and financial difficulties that could potentially affect the ability of the jurors to serve. While it's uncertain whether SBF will testify, he has previously affirmed his innocence. The trial is expected to last for up to six weeks, and opening statements are likely to follow shortly after the selection of the jury.

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Prosecutors have framed the case as one of the most substantial financial frauds in history. If found guilty of all charges, SBF, the former CEO of FTX, could face a maximum of 100 years in prison. On the first day of the trial, prosecutors announced they had not considered offering a plea deal to SBF, a significant revelation given that some of his former associates have accepted plea deals and are expected to testify during the trial.

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