Sam Bankman-Fried Trial Jury Selection Extends to Second Day Amid Bias Concerns – What's Going On?
The jury selection process in the criminal trial of FTX founder Sam Bankman-Fried is set to continue for a second day amid concerns of potential bias among prospective jurors.
Out of the initial pool of potential jurors, the list has now been narrowed down to 50 individuals, from which a final panel of 12 will be selected by Wednesday morning, according to latest updates by Wired.
The trial has already seen many prospective jurors recusing themselves due to reasons that could potentially impact their impartiality when assessing Bankman-Fried's innocence.
Some individuals cited their personal financial losses in the cryptocurrency realm, which were further exacerbated by the collapse of FTX last year.
Juror number 29, Zal Dang, expressed doubts about his ability to remain unbiased in a case related to cryptocurrencies.
He confessed to having negative sentiments towards the industry since learning about it, as reported by Inner City Press on Tuesday.
Judge Lewis Kaplan later inquired if any of the potential jurors were familiar with FTX or its affiliated hedge fund, Alameda Research, as the trial would involve discussions on "crypto" and "blockchain."
Two jurors admitted to having invested in the asset class but ended up losing money.
Others revealed career connections to the broader financial industry, including positions at the Financial Industry Regulatory Authority (FINRA), Bank United, and Morgan Stanley, the latter of which had previously shown optimism towards the now-defunct crypto bank Silvergate, which had close ties to FTX.
Given the significant publicity surrounding FTX's collapse, Judge Kaplan instructed the jurors to avoid all media coverage related to the trial.
He also asked if they were familiar with
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