The FTX founder was arrested in the Bahamas a few weeks ago.
(Photo: AP)
new York Founder and former CEO of bankrupt crypto exchange FTX Sam Bankman-Fried, accused of fraud, will plead not guilty on fraud charges, the Wall Street Journal reports Friday night, according to an insider. Bankman-Fried’s court date is scheduled for Tuesday, January 3 at 2:00 pm EST before US District Judge Lewis Kaplan in Manhattan. A lawyer for the accused did not immediately respond to a request for comment.
Bankman-Fried is accused of fraud. FTX filed for bankruptcy protection on Nov. 11 after clients withdrew funds en masse in response to the covert move of $10 billion in deposits. Bankman-Fried resigned as boss the same day. He has apologized to customers but denied allegations of fraud. The collapse of FTX has rocked the crypto world.
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