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January 3, 2023
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FTX Co-Founder Sam Bankman-Fried Pleads Not Guilty to Fraud Charges

Source: cnet.com cnet.com
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News Snapshot:
The co-founder and former CEO of failed cryptocurrency exchange FTX, Sam Bankman-Fried, has pleaded not guilty to fraud charges, according to CNBC. Bankman-Fried appeared in a federal courtroom on Tuesday in New York City for his arraignment, where he faced eight fraud and conspiracy charges. The presiding judge has not set a trial date. Two of Bankman-Fried's associates already pleaded guilty to fraud charges and are said to be cooperating with investigators. Bankman-Fried was extradited from the Bahamas in December as US authorities continue investigating FTX's titanic collapse. Prosecutors say Bankman-Fried took people's money stored with the cryptocurrency exchange and...
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