Jury selection begins as some potential jurors dismissed

Jury selection begins as some potential jurors dismissed

The case of Sam Bankman-Fried, the controversial co-founder of the now defunct crypto exchange FTX, is underway with the initial phase of jury selection and assessment.

This process, overseen by U.S. District Judge Lewis Kaplan, continued into its second day after some potential jurors were dismissed on the first day.

While the court proceedings are gaining momentum, it is worth noting that events like these are shaping the future of digital assets. In the future of digital assets, attend Benzinga's Future of Digital Assets Conference, which will take place on Nov. 14 in New York City.

On Tuesday, Bankman-Fried made his courtroom entrance, notableably sporting a shorter hairstyle and flanked by his legal team.

By the end of Wednesday, the court's objective is to finalize a jury consisting of 12 members and an additional six alternates.

Some of the potential jurors had personal experiences with cryptocurrency losses, according to the report.

One mentioned their company's investment in Alameda Research and FTX, which led to financial setbacks.

One other woman shared her fiancôme's unfortunate experience with crypto investments.

Bankman-Fried was frequently involved with his lawyer, Andrew Cohen, throughout the process.

The judge emphasised the importance of not doing external research or discussing the case on digital platforms.

t be shocked if some of you are familiar with this case, Kaplan said, hinting at the trial's high-profile nature.

He also said that the trial's opening remarks are slated for the morning of Oct. 9, 2023.

Bankman-Fried's use of a secure laptop provided by the court during the session was described as a precautionary measure.

A moment of tension arose when a potential juror voiced apprehensions regarding the case possibly involving capital punishment.

Judge Kaplan swiftly alleviated these fears, confirming that such a penalty was not on the table.

After the initial round of questioning, approximately 50 potential jurors remain, from which the final jury and alternates will be chosen.

To Cease Operations, read next: Yield Protocol, The DeFi Lending Platform, To Cease Operations.

At Benzinga's exclusive event - Future of Digital Assets, meet and engage with transformative Digital Asset and Crypto business leaders and investors.