FTX’s founder Sam Bankman-Fried has pleaded not guilty to defrauding customers at his court hearing in the Southern District of New York. The former crypto mogul has claimed to be innocent of all 8 counts of financial and electoral fraud, according toSBF was charged with conspiracy to commit wire fraud, commodities fraud, securities fraud, money laundering, defraud the federal election commission, and commit campaign finance violations.
Moreover, according to the latest filing, SBF has requested the court to redact the names of the co-signers of his bail. The reason for this action was cited as privacy and safety concerns of the individuals. Notably, this is the only information SBF seals to conceal from the bail proceedings document.
Meanwhile, another key player in the case – Nishad Singh – continues to be out of the picture. 27-year-old Singh was the former Director of Engineering at FTX and held a 7.8% stake in the platform. The former executive has been missing ever since he was fired, following FTX’s bankruptcy.Subscribe to get it daily in your inbox.
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