Sam Bankman Fried, the former CEO and co-founder of FTX crypto exchange, has pleaded not guilty to fraud and money laundering charges levied in an updated indictment by prosecutors, according to a report.
Bankman Fried appeared in the Southern District of New York courthouse on Aug. 22 facing accusations of misusing customer funds for personal use as well as for political donations. The charges of fraud and money laundering are from December, however, prosecutors added additional charges of campaig finance earlier this month.
The latest proceedings in the FTX lawsuit come after Bankman Fried’s bail was revoked and the FTX founder left the New York courtroom in handcuffs.
This is a developing story, and further information will be added as it becomes available.