Sam Bankman-Fried Now Has a Jury

A federal judge picked a dozen New Yorkers to try the FTX founder on fraud and conspiracy charges.

AccessTimeIconOct 4, 2023 at 3:34 p.m. UTC
Updated Oct 5, 2023 at 12:45 p.m. UTC

A physician’s assistant, a librarian, a nurse and nine others will decide if Sam Bankman-Fried committed fraud.

Judge Lewis Kaplan on Wednesday announced a 12-person jury that will determine the former FTX CEO’s fate in a criminal case in the U.S. District Court for the Southern District of New York. Jury selection wrapped up early in the trial’s second day.

During voir dire, just under 50 people told the courtroom their ages, occupations, educational backgrounds, and other details. The potential jurors included a former prosecutor, a retired corrections officer, a flight attendant and multiple employees of the Metro-North commuter rail line.

To some, the trial of Sam Bankman-Fried has become by proxy a trial of the whole crypto industry following the excesses that led to last year’s crash. To insiders, the centralized and opaque FTX exchange embodied everything crypto was supposed to stand against, and Bankman-Fried is merely the most famous and wiliest of a long line of tourists who enter the market during bull runs and ruin it for everyone.

Opening statements are expected to begin momentarily.

Edited by Marc Hochstein.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Nikhilesh De

Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.