FTX founder shed his signature T-shirt and shorts look to don on suit with freshly cut hair as day one of fraud trial commenced
Explained: what to know about Sam Bankman-Fried trial
The criminal trial of the former cryptocurrency mogul Sam Bankman-Fried began on Tuesday, with jury selection getting under way in a Manhattan federal court.
Bankman-Fried, who founded the cryptocurrency exchange FTX and associated hedge fund Alameda Research, is facing trial on finance crimes stemming from the shocking collapse of FTX. Before its sudden downfall last year, FTX was valued at around $32bn.
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