FTX Collapse: Bankman-Fried May Plead Not Guilty

Published by
The Street

By Luc Olinga A hearing for the fallen king of crypto is scheduled for January 3 in Manhattan federal court. Sam Bankman-Fried will start 2023 as he ended 2022: in court. The fallen former king of crypto is at the heart of one of the biggest scandals the young blockchain-powered financial services industry has ever seen. The regulators filed a series of criminal and civil charges against Bankman-Fried, whom they accuse of alleged fraud, on December 13. Justice Department prosecutors filed eight criminal counts against the former trader. Four of the charges, including conspiracy to commit wire …

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