FTX CEO Sam Bankman-Fried pleads not guilty to federal fraud, bribery, and campaign finance charges.

1 min read
Source: CNBC
FTX CEO Sam Bankman-Fried pleads not guilty to federal fraud, bribery, and campaign finance charges.
Photo: CNBC
TL;DR Summary

Sam Bankman-Fried, the former CEO of FTX and Alameda Research, has pleaded not guilty to five additional charges related to the collapse of his former crypto exchange and hedge fund. The charges include bribery of a foreign government, bank fraud, money laundering, operating an unlicensed money transmitting business, and making unlawful political contributions in the U.S. Bankman-Fried is accused of directing the payment of at least $40 million in cryptocurrency to one or more Chinese government officials to unfreeze trading accounts tied to his crypto hedge fund. The trial is set to begin in October.

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