BREAKING: The 30-year-old entrepreneur, who is out on a $US250 million ($371 million) bail package, has plead not guilty to criminal charges. 9News
Bankman-Fried's parents, both law professors at Stanford who co-signed his bond, have "become the target of intense media scrutiny, harassment, and threats," defence lawyers wrote in a letter to the court, while asking to redact the names of two other co-signers, known as "sureties".
FTX and Alameda both filed for bankruptcy in December after investors rushed to pull their deposits from the exchange, sparking a liquidity crisis and triggering contagion across the crypto industry.FTX's new CEO, John Ray III, who made his name overseeing the liquidation of Enron in the early 2000s, said in a congressional hearing that customer funds deposited on the FTX site were commingled with funds at Alameda, which made a number of speculative, high-risk bets.
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