Sam Bankman-Fried: Fraud trial begins for FTX's 'crypto king' in New York - live updates - BBC News
FTX founder Sam Bankman-Fried's trial has begun where he is accused massive financial fraud.
Was the crypto king acting in good faith or amassing billions in personal wealth built on a web of lies?

Those were the two opposing arguments that came out of the first proper day of Sam Bankman-Fried's trial in New York City.

The prosecution claimed the man known as SBF looted customer cash, billions of dollars that was sitting in his FTX crypto currency platform. They say he used this money to prop up his own risky investments in his other company, Alameda Research.

SBF's legal team cast him as a "math nerd" who was acting in "good faith" and simply overlooked massive financial risks.

They said it is not a crime to be the CEO of a company that goes bankrupt.

The case is likely to go for six weeks and we will be hearing from witnesses who were involved in FTX, and also from clients who lost vast sums of money.

For a full wrap of today's events you can check out this article.

Our writers today were Lisa Lambert, Madeline Halpert, Thomas Mackintosh and Malu Cursino.

This page was edited by Marianna Brady and myself.

Thanks for joining us.