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Bankman-Fried is set to face a trial in October, a courtroom showdown likely to be one of the highest-profile white-collar fraud cases in recent years. In December, US prosecutors revealed eight criminal counts against him, including wire fraud and campaign finance violations.
NEW YORK -- FTX founder Sam Bankman-Fried pleaded innocent in Manhattan federal court Tuesday to charges he cheated investors and looted customer deposits on his cryptocurrency trading platform.
FTX founder Sam Bankman-Fried pleaded not guilty to criminal charges Tuesday, a move that lays the foundation for one of the most high-profile white-collar fraud trials in recent years.
Judge Lewis Kaplan set a date for the crypto exchange founder after US prosecutors said they would produce all evidence for the case in the next four weeks.
Experts say a plea deal for the cryptocurrency exchange boss is unlikely as US authorities tend to negotiate with lower level staff and not the senior most staff members.