FTX founder Sam Bankman-Fried pleads not guilty to criminal charges
01/03 23:45
According to The Block, former FTX CEO Sam Bankman-Fried pleaded not guilty to fraud charges in a New York federal court on Tuesday. Bankman-Fried faces multiple charges, including wire fraud and campaign finance law violations, after his crypto exchange empire imploded last year. Bankman-Fried is accused of misusing FTX customer funds to prop up his crypto trading firm and make political donations, among other misdeeds. The trial is expected to begin on Oct. 2. The former FTX boss was arrested in the Bahamas last month. He was later extradited to the U.S. and released on a $250 million bail bond that was co-signed by his parents.
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