Bankman-Fried faces up to a 115-year prison sentence if found guilty on all eight criminal counts related to the unscrupulous business practices at his firms FTX and Alameda Research.
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The 30-year-old is accused of stealing billions of dollars in customer and investor assets through the FTX exchange and his affiliated hedge fund, Alameda Research.
Bankman-Fried faces up to a 115-year prison sentence if found guilty on all eight criminal counts related to the unscrupulous business practices at his firms FTX and Alameda Research.
Bankman-Fried faces up to a 115-year prison sentence if found guilty on all eight criminal counts related to the unscrupulous business practices at his firms FTX and Alameda Research.
Embattled crypto exchange founder Sam Bankman-Fried is expected to enter a not guilty plea in his initial hearing in U.S. District Court in Manhattan on Tuesday to various charges.
Sam Bankman-Fried pleaded not guilty to charges stemming from allegations that he defrauded his customers and investors for billions, Reuters reported Tuesday.
The onetime crypto billionaire was indicted on charges of conspiracy to commit wire fraud and securities fraud, individual charges of securities fraud and wire fraud, money laundering, and conspiracy to avoid campaign finance regulations.
