Trial of Crypto Tycoon Sam Bankman-Fried Kicks Off

The ‘Michael Jordan of crypto’ and the ‘next Warren Buffet’ is facing seven financial fraud counts.

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt FTX cryptocurrency exchange, departs from a federal court hearing in New York on Jan. 3, 2023. David Dee Delgado/Reuters

Jury selection began on Oct. 3 in lower Manhattan in the trial of currency tycoon Sam Bankman-Fried, who was extradited nearly a year ago from his lavish seaside condo in the Bahamas to the United States to stand trial for financial fraud.

Mr. Bankman-Fried, 31, faces seven counts, including money laundering, wire fraud, and securities fraud.