Newspaper: FTX founder Bankman-Fried pleads not guilty

Newspaper: FTX founder Bankman-Fried pleads not guilty

Photo: ANP

Sam Bankman Fried, founder of the bankrupt cryptocurrency exchange FTX, does not intend to plead guilty if he has to file a court report for the first time next week. This was written by the Wall Street Journal, based on informed sources. Pinkman-Fried is suspected of fraud, among other things.

He was captured in the Bahamas after FTX went bankrupt and then surrendered to the United States. In her country, Bankman-Fried is accused of embezzling billions of dollars in customer deposits. It was transferred to the FTX-linked Alameda Research investment fund, which invested money in all kinds of companies.

Bankman-Fried was released on bail in the United States. He paid $250 million for it. The former billionaire was under house arrest with his parents in California. He must appear in court in New York on Tuesday.

Meanwhile, US prosecutors are investigating the activity of several cryptocurrency wallets that may belong to Bankman-Fried. Over the past few days, over a million dollars have been moved back and forth through those wallets. Bankman-Fried claimed on Twitter that he had nothing to do with this activity.

Meanwhile, the Bahamas seized assets owned by FTX. It was worth $3.5 billion at the time of the bankruptcy. Authorities said the Caribbean nation wanted to transfer those digital assets to its customers and creditors.

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