FTX founder Sam Bankman-Fried arrives at Manhattan federal court on January 1st, 2023, in New York City. Photo by Gotham / GC Images
CNBC reports that Sam Bankman-Fried pleaded not guilty to the eight criminal charges he’s facing, accusing the former crypto billionaire of committing fraud and money laundering. Bankman-Fried, also known as SBF, appeared in a New York City courtroom nearly two months after his crypto exchange FTX declared bankruptcy.
Now, billions of dollars from investors and customers are missing, and the Department of Justice, US Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC) have all accused his empire of operating as a fraud practically from the very start.
Bankman-Fried was arrested in the Bahamas last month before being extradited to the US to face these charges and is currently living with his parents…
The Verge – All Posts