Sam Bankman-Fried Pleads Not Guilty

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Sam Bankman-Fried, former CEO of bankrupt crypto derivatives exchange FTX, has pled not guilty to the eight charges, including wire fraud, securities fraud and violations of campaign finance laws, that he’s facing as a result of the collapse of the trading platform.

According to sources, his attorneys have entered a not-guilty plea on his behalf in his first court appearance since December.

According to assistant US Attorney Danielle Sassoon, her team plans to provide the lawyers of the former head of the exchange with documents of evidence within the next two weeks. The trial has been scheduled for next October 2.

We should note that Fried has been under house arrest at his parent’s home in California since December 22.

Louis Adams

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.