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Business

Erin Hale

What is FTX founder Sam Bankman-Fried’s trial about?

FTX Sam Bankman-Fried Alameda Research Crypto John J Ray Alameda Binance CoinDesk Gary Wang Joseph Bankman

FTX founder Sam Bankman-Fried, pictured centre, faces more than 100 years in prison if found guilty [File: Rebecca Blackwell/AP Photo]

The trial of disgraced crypto tycoon Sam Bankman-Fried is set to open on October 3 in New York after a whirlwind year.

Since the collapse of his cryptocurrency exchange FTX and its partner hedge fund Alameda Research in November last year, ex-CEO Bankman-Fried was quickly investigated by federal prosecutors and the United States Securities Exchange Commission (SEC) before he was extradited from the Bahamas in early January.

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