Jury selection has begun in the fraud trial of Ftx Founder Sam Bankman-Fried, who faces the possibility of a long prison term if convicted. Prosecutors allege that Bankman-Fried defrauded thousands of people by diverting their cryptocurrency deposits for personal use and making risky trades. They also accuse him of using customer money for real estate purchases and to make political contributions. The trial is expected to last up to six weeks, and Bankman-Fried has denied any criminal intent, blaming FTX's collapse on competitors and his own mistakes.

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