NEW YORK—Jury selection began Tuesday in the fraud trial of FTX founder Sam Bankman-Fried after a prosecutor revealed that no discussions about a potential plea agreement took place in the nearly 10 months since the cryptocurrency executive was arrested and brought to the United States.
Once a billionaire, the 31-year-old crypto mogul faces the possibility of a long prison term if convicted at a trial projected to last up to six weeks. In a makeover for trial, Mr. Bankman-Fried gave up his wild big-hair look for a scissored-down trim more common in the financial industry. Introduced to jurors, he briefly stood in his suit and tie and turned their way.
