Sam Bankman-Fried's Legal Woes Continue with New Charges and Unusual Payment Method

Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, pleaded not guilty to five additional criminal charges, including bank fraud and foreign bribery. He is facing a total of 13 criminal counts, including securities fraud, wire fraud, and campaign finance violations. Federal prosecutors have accused him of orchestrating a vast fraud that led to the collapse of the exchange in November and the misappropriation of billions of dollars in customer deposits. Bankman-Fried is scheduled to go to trial in October.