Crypto exchange founder accused of using deposits to support hedge fund, buy real estate and make political contributions
A lawyer for Bankman-Fried did not immediately reply to a request for comment.
Since his release, Bankman-Fried has been subject to electronic monitoring and required to live with his parents, both professors at Stanford Law School in California. The 30-year-old crypto mogul rode a boom in the value of bitcoin and other digital assets to become a billionaire several times over and an influential political donor in the United States, until FTX collapsed in early November after a wave of withdrawals. The exchange declared bankruptcy on 11 November.
The prosecution case was strengthened by last month’s guilty pleas of two of Bankman-Fried’s closest associates.
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