Ex-crypto boss Bankman-Fried pleads not guilty to fraud

Updated : Jan 06, 2023 12:03
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Editorji News Desk

FTX co-founder Sam Bankman-Fried pleaded not guilty Tuesday to US criminal fraud charges over the spectacular collapse of his crypto exchange.

The 30-year-old former digital currency billionaire, who is out on bail, entered the plea in federal court in Manhattan before New York judge Lewis Kaplan.

FTX and its sister trading house Alameda Research went bankrupt in November, dissolving a virtual trading business that at one point had been valued by the market at $32 billion.

The United States has charged Bankman-Fried with conspiracy, wire fraud, money laundering and election finance violations.

Cryptocurrenciescrypto crisisCrypto Market

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