It's 6.45am and we are standing outside the Southern District of New York Courthouse.

We've been out here for about an hour and the sun has finally risen, which is exciting.

And I'm standing here with Rachel Humphreys, my producer.

Hi, Caitlin.

Hi, Rachel. How are you on this time of the morning?

I mean, I don't make a habit of coming to this part of Lermann Hutton at early hours of the morning,

but considering that, I'm very well. I mean, it's day one of Sandbiteman Freed's trial.

Why are we here? Why is this happening?

We're here because Sandbiteman Freed, who was formerly the face of crypto,

he's accused of fraud, he's accused of stealing billions of dollars from his customers.

And it's going to be very interesting in this trial we're going to hear from people that he worked with,

people that he had very close relationships with, who are going to testify against him.

And we also may hear from Franklin Freed, although there's a big question mark over that.

How does it feel for you as a reporter who's covered this story for so long to finally be here on the first day of this trial?

It's like, honestly, covering the entire collapse of FTX is a fever dream.

It really took a week and a half, pretty much, for the entire thing to go from the next big crypto exchange to completely gone.

And so I've spent a lot of time in the last year trying to unpick the app, what happened, and the aftermath of that.

And there's a lot of questions that I still have that I'm hoping get answered.

And what is going to be happening here at the court today?

Today's jury selection, so Judge Lewis Kaplan, who's presiding over this case, is expected to pick the jury,

12 jurors plus alternates.

And they will be the New Yorkers deciding whether Franklin Freed is guilty or not guilty.

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