Sam Bankman-Fried did not find himself guilty of fraud with FTX

What happened? Former head of the FTX cryptocurrency exchange, Sam Bankman-Frida, refused to plead guilty to criminal charges of deception of investors, causing billions of dollars, fraud and conspiracy to launder money. A total of eight accusations were introduced to Bankman-Frida. Hearing in the case took place on January 3. This is reported by Reuters.

News on Reuters website

What else is known? Bankman-Fried did not talk to the judge during the hearing and talked only with his lawyers. Before the charges, he shook his hand in one of the prosecutors, and after the meeting he approached several artists in the courtroom and commented on their work.

The ex-head of the FTX can face up to 115 years in prison in the event of a conviction. He previously admitted that he made mistakes in the management of FTX, but said that he did not consider himself guilty.

FTX founder was arrested on Bagama on December 12 at the request of the US prosecutor’s office. On December 21, FBI agents extradited Bacnman-Frida in the United States, where he was exempted on a record bail of $ 250 million. At the same time, a few days after his release from the wallets of the Alameda Research trading company, at least $ http://btcnews.fun/2023/01/04/gyen-crypto/ 700,000 to decentralized platforms was transferred to the Trada Research. WSJ reported that the crisis in the company has come long before the collapse of the FTX, and the exchange funds were used to conduct high -risk investment transactions.

FTX co-founder Gary Van and ex-head of Alamed Caroline Ellison found themselves guilty and collaborate with the prosecutor’s office as part of a criminal case against Bankman-Fried.

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