Prosecutors Ease Jury into Crypto Basics As Bankman-Fried Trial Kicks Off

Bitcoin, Ethereum, Dogecoin and Solana were mentioned during day 1 of Sam Bankman-Fried's criminal trial, but not FTT.

FTT's drop precipitated FTX's collapse, but prosecutors eased jurors into crypto by mentioning major coins first.

Prosecutors allege Bankman-Fried secretly diverted customer funds to Alameda, but his lawyer said they were open loans backed by collateral.

Early witnesses introduced crypto concepts and named Bitcoin, Ethereum, Dogecoin and Solana as examples.

An ex-employee resigned after learning Alameda used customer deposits to pay back creditors.