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The FTX app and terms of service both told customers that the money they put on the exchange was being kept for them "as if they were sitting right there" – but, in reality, Bankman-Fried diverted those funds to "smaller and secretive company" called Alameda Research and spent them on
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A federal judge has chosen the 12 people who will decide whether FTX founder Sam Bankman-Fried violated fraud and other laws in running his once-mighty crypto exchange. Source
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Jury selection should conclude Wednesday, according to Judge Lewis Kaplan, who is overseeing the trial in the Southern District of New York courthouse. There are around 50 potential jurors remaining, after he dismissed a few dozen during yesterday’s voir dire. Of the remainder, 12 will become jurors and six will
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The FTX founder’s trial kicked off Tuesday morning, with a jury pool exceeding 50 people and around 40 reporters present in the U.S. District Court for the Southern District of New York in lower Manhattan. No jurors have been selected as of press time; the morning was spent weeding out
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Coinbase’s Chief Legal Officer (CLO) Paul Grewal has weighed in on what to expect in the jury selection in the trial of
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The lawyer representing Sam Bankman-Fried, the former CEO of the now-defunct exchange FTX, has claimed that the proposed jury questions for the upcoming fraud trial might potentially elicit biased responses.In a court filing on September 29, lawyer Mark Cohen, who is representing Bankman-Fried, contends that the jury questions presented by
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Sam Bankman-Fried's attorneys objected to some of the U.S. Department of Justice's proposed voir dire questions in a late Friday filing, saying they may miss potential juror bias or otherwise lead to jurors making assumptions about the case. Source
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Part of Kaplan’s rationale for denying the release request came from his belief, as a seasoned jurist, that Bankman-Fried might present a flight risk. “Your client could be looking at a very long sentence,” Kaplan told Bankman-Fried’s lawyers. “If things look bleak […] if he had that opportunity, maybe he
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The FTX founder, who has pleaded not guilty to charges including wire fraud and conspiracy, will go on trial next week in a New York City federal courtroom. The jury for the case will consist of 12 randomly selected New York State residents and two alternates. CoinDesk spoke with several
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On Sept. 15, the United States government responded to questions the defense has suggested posing to potential jurors during their selection for the case against former FTX CEO Sam Bankman-Fried. He faces seven charges of fraud and money laundering in connection with the collapse of the cryptocurrency exchange that could
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