Sam Bankman-Fried in New York federal court on Tuesday cryptocurrency exchange FTX and hedge fund Alameda Research denied eight charges related to the collapse.
Bankman-Fried, once a crypto billionaire, has been charged with conspiracy to commit electronic fraud and securities fraud, individual charges for securities fraud and electronic fraud, money laundering and conspiracy to evade campaign finance arrangements.
Bankman-Fried returned to the United States on 21 December and was released on 22 December on $250 million bail secured by his family’s home.
Judge Confirms Anonymity to Bail Sam Bankman-Fried
Earlier in the day, Bankman-Fried’s lawyers requested anonymity of the two individuals who had secured Bail in Bankman-Fried’s well-being. Judge Lewis Kaplan upheld that request in court today.
The request argued that the confidentiality of the case and the accused already poses a risk to Bankman-Fried’s family and that the guarantors should not be exposed to the same concern.
Federal prosecutors also announced the launch of a new task force to recover victims’ assets as part of the ongoing investigation into Bankman-Fried and the collapse of FTX.
“The Southern District of New York is working day and night to respond to the collapse of FTX,” US Attorney Damian Williams said on Tuesday.
The US Southern District of New York Attorney’s Office claimed that Bankman-Fried transferred $8 billion in client assets to extravagant real estate purchases and show business projects, including stadium naming rights and millions of political donations.
Judge has set the trial date for Bankman-Fried as October 2.
*Not investment advice.
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