Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives on the day of a hearing at Manhattan federal court in New York City, U.S. January 3, 2023. - REUTERSPIX: FTX founder Sam-Bankman-Fried pleaded not guilty in the multibillion-dollar fraud case against him in Manhattan federal court on Tuesday reported tca/dpa.
Bankman-Fried is accused of steering billions of dollars that flowed through his cryptocurrency exchange platform, FTX, where users could trade currencies, to his crypto trading firm, Alameda Research.Bankman-Fried’s plea comes after his top lieutenants — including his ex-girlfriend — to federal charges and agreed to cooperate against him.
As Bankman-Fried entered his plea, federal prosecutors in Manhattan announced a new unit dedicated exclusively to uncovering wrongdoing in what they described as one of the largest frauds in American history.
All the gullible rich trusted this 30+yo to run their millions in a most crazy ponzi-scheme like ever. 3-5 pax handling billions!