Sam Bankman-Fried pleads not guilty to five latest fraud, bribery charges
FTX founder and former CEO Sam Bankman-Fried (aka SBF) pleaded not guilty to five additional criminal charges this morning, according to CNBC. Prosecutors accuse the disgraced crypto exec of fraud and bribery for conspiring to send at least $40 million to Chinese government officials so they would unfreeze more than $1 billion in cryptocurrency, which he allegedly used to fund loss-generating trades.
On Tuesday, the U.S. Attorney’s Office for the Southern District of New York (SDNY) unsealed the third round of criminal…