We Asked New Yorkers if They’d Heard of Sam Bankman-Fried

“I'd say I'd need to know a little bit more about crypto and how people actually invest in it.” Asking New York City individuals about Sam Bankman-Fried and being on the jury.

AccessTimeIconSep 29, 2023 at 10:00 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

To some, Sam Bankman-Fried’s impending trial is one of the biggest stories in recent news, but to many New Yorkers, the name does not strike a chord.

The FTX founder, who has pleaded not guilty to charges including wire fraud and conspiracy, will go on trial next week in a New York City federal courtroom. The jury for the case will consist of 12 randomly selected New York State residents and two alternates.​​ CoinDesk spoke with several pedestrians in Manhattan’s Financial District to understand what this group could look like.

Many of these random New Yorkers suggested that they would need a better understanding of the digital asset space and Bankman-Fried’s cryptocurrency empire to be confident in their judgment. A majority declined to be interviewed for this article and video, claiming that they were not familiar with the story, and some even expressed distaste for the topic.

One pedestrian, when asked if they were interested in crypto, replied back “no, nor do I have any interest in anyone involved in it.”

Another person, Lucy Rafter – a law student originally from Ireland – admitted that she doesn’t know anything about crypto.

“It’s like a new fad,” she said. “I'd need to learn everything from scratch.”

On the other hand, Haseeb Khurram, a visitor from overseas who claimed to have “at least $7,000” stuck in the bankrupt exchange, has strong opinions about the upcoming trial.

“He should be guilty and he deserves what is coming for him,” he said.

An outlier from the interviewees was Jared Blikre, a seasoned reporter and anchor at Yahoo Finance.

The collapse of FTX reminded him of the MF Global bankruptcy in 2011, “but it's about 10 times worse,” the finance veteran said. However, Blikre doubted that he would be selected for the jury given his expertise. “I know a little bit too much.”

Attorneys for the Department of Justice and Bankman-Fried’s defense filed their questions for possible jurors earlier this month, which they hope will gauge if those who could be selected are familiar with the case, the cryptocurrency industry or the “effective altruism” philosophy that Bankman-Fried championed.

Edited by Nikhilesh De.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Dilin Massand

Dilin Massand is an Associate Talent Booker for CoinDesk TV.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.