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Sam Bankman-Fried will File a Not-Guilty Plea to Fraud on January 3rd

Sam Bankman-Fried will File a Not-Guilty Plea to Fraud on January 3rd

  • Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, will plead not guilty to fraud.
  • The 30-year-old is slated to plead not guilty to eight charges, including wire fraud, in Manhattan federal court on Jan. 3.
  • Bankman-Fried was detained in the Bahamas this month after the U.S. indicted him for misappropriating client funds at FTX.
  • After being deported, the US court freed him on $250 million bail. In California, he is now living with his parents under house arrest.
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