SBF Pleads Not Guilty to All Charges
MANHATTAN, NY – FTX founder Sam Bankman-Fried (“SBF”) has entered a plea of “not guilty” to all 8 criminal misconduct charges against him. The judge set a trial date of Oct. 2, 2023. The 30-year-old former CEO of the bankrupted crypto exchange had admitted on dozens of podcasts and Twitter Spaces that he had indeed taken actions that are illegal.
Last month SBF was arrested in the Bahamas, extradited to the U.S., and charged with fraud, and conspiracy by the Department of Justice. On Dec. 13 the SEC filed a lawsuit against SBF claiming that FTX had been defrauding investor funds by illegally moving money between his exchange and his sister company, Alameda Research, from at least May 2019 to November 2022.
He was then placed under house arrest after his parents posted a $250 million bail bond. The judge granted a request from SBF’s lawyers to keep the other bond guarantors anonymous on the grounds of privacy concerns, which the judge has granted.
