Sam Bankman-Fried pleaded not guilty in New York federal court Thursday to five additional charges related to the collapse of FTX and Alameda Research.
The new indictment against FTX founder Sam Bankman-Fried includes new details alleged fraud at the cryptocurrency company and a related hedge fund.
Sam Bankman-Fried should be barred from encrypted messaging software, the government said, citing possible efforts at witness tampering.
Federal prosecutors seized over $697 million in cash and assets connected to Sam Bankman-Fried, court filings from Friday show, primarily in Robinhood shares.
The collapse of crypto exchange FTX led to criminal prosecutions of founder Sam Bankman-Fried and two of his lieutenants in New York federal court.
Former FTX CEO Sam Bankman-Fried will be released on $250 million bail, a federal judge said, as part of a deal between defense attorneys and prosecutors.
Sam Bankman-Fried is returning to a Bahamian prison after demanding to see a copy of his federal indictment.
Bankman-Fried’s swift fall from hero to villain of the crypto sector exposed a years-long fraud that traced back to FTX’s launch in 2019, according to authorities.
Founder and former FTX CEO Sam Bankman-Fried will not contest extradition to the U.S. in an about face just days after being remanded to Bahamas prison.
Former FTX co-CEO Ryan Salame disclosed “possible mishandling of clients’ assets” by Sam Bankman-Fried to Bahamian regulators just before FTX bankruptcy filing.
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