SBF Fraud Trial Begins, Faces 7 Charges Stemming from FTX Collapse

SBF's trial began on Oct. 3, 2022 with jury selection. He faces 7 charges related to FTX collapse and pleaded not guilty.

SBF was arrested in Bahamas on Dec. 12, 2022 and agreed to extradition to the US on Dec. 21.

FTX collapsed in early Nov. 2022 after concerns emerged about Alameda's FTT holdings. Binance then backed out of FTX acquisition.

Before collapse, SBF seen as respected business leader. FTX had $32B valuation in early 2022.

SBF founded Alameda in 2017, then launched FTX in 2019 with co-founder Gary Wang.