The first witnesses have taken the stand in the trial of FTX founder Sam Bankman-Fried.
Proceedings are underway in a Manhattan courthouse, and are expected to last several weeks.
Bankman-Fried, the man behind one of the largest crypto exchanges in the world, faces seven criminal charges including money laundering and fraud.
He is accused of using customers' money to fill holes in his hedge fund, Alameda Research.
Bankman Fried has pleaded not guilty to all charges.
Sally Patterson has more from New York.
IN One witness lost
OUT SOC
DUR 47