Ex-crypto boss Bankman-Fried pleads not guilty to fraud

Updated : Jan 06, 2023 12:03
|
Editorji News Desk

FTX co-founder Sam Bankman-Fried pleaded not guilty Tuesday to US criminal fraud charges over the spectacular collapse of his crypto exchange.

The 30-year-old former digital currency billionaire, who is out on bail, entered the plea in federal court in Manhattan before New York judge Lewis Kaplan.

FTX and its sister trading house Alameda Research went bankrupt in November, dissolving a virtual trading business that at one point had been valued by the market at $32 billion.

The United States has charged Bankman-Fried with conspiracy, wire fraud, money laundering and election finance violations.

Cryptocurrenciescrypto crisisCrypto Market

Recommended For You

editorji | Business

India To Grow 7% In FY27, Next Growth Phase Hinges On Infra, Deeper Capital Markets: S&P Global

editorji | Business

Sensex Falls 49 Points, Nifty Slips 96 As Selling Pressure Returns

editorji | Business

Sensex falls 243 points, Nifty slips 64 points as foreign outflows and crude prices weigh

editorji | Business

India launches anti-dumping probes into 7 Chinese products, including key pharma ingredients

editorji | Business

Sensex crashes 1,124 points, Nifty falls 1.56% as crude surges above $107