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FTX founder Sam Bankman-Fried’s criminal trial for fraud resumed at 10 a.m. New York time, as Federal Judge Lewis A. Kaplan moved to conclude jury selection and hear opening statements from attorneys on both sides. Senior District Judge Lewis A. Kaplan is presiding over the case, and Assistant U.S. Attorney Nicolas Roos is leading the prosecution. The defense is being led by Mark Cohen. Here are the latest live updates from inside the courtroom on day 2:  Judge Kaplan wrapped up initial juror picks around 11:20 a.m. ET, with 12 jurors and 6 alternates selected. Opening statements begin with 40 minutes for the defendant, and 25 minutes for the prosecutors.  Opening statement from the prosecutor Assistant U.S. Attorney says Bankman-Fried lied to the world as he built his crypto empire at FTX. Only his close friends and girlfriend knew the truth about what was happening.  Prosecutor says the defendant opened bank accounts with fake records and stole FTX customer depos...

Over the last couple of days, discussions pertaining to FTX and its founder Sam Bankman-Fried escalated. US lawmakers like Maxine Waters were urging SBF to appear before the House Financial Services Committee. and testify. However, the former CEO of the exchange wasn’t so sure about it. Things however seem to have taken a different route. In a series of tweets replying to Waters, SBF affirmed that he would testify before the U.S. House Committee on Financial Services on December 13. While noting that he still did not entail access to his personal or professional data, SBF tweeted, “So there is a limit to what I will be able to say, and I won’t be as helpful as I’d like. But as the committee still thinks it would be useful, I am willing to testify on the 13th.” Back when SBF wasn’t sure about testify ing next week, Waters pointed out that his testimony was “imperative.” She reminded the FTX founder how the downfall of his platf...