US District Judge Lewis Kaplan sets an October 2 date for Sam Bankman-Fried's trial, which could last four weeks.
NEW YORK, USA – Sam Bankman-Fried pleaded not guilty on Tuesday, January 3, to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecutors have calledHe entered his plea in Manhattan federal court where he faces eight criminal counts, including wire fraud and money laundering conspiracy.
US District Judge Lewis Kaplan on Tuesday set an October 2 date for trial, which Sassoon said could last four weeks. Bankman-Fried did not speak to the judge during the hearing, but conferred privately with his lawyers. He shook hands with one of the prosecutors before the arraignment. When it ended, he approached the handful of courtroom sketch artists and commented on their work. in prison if convicted. He has previously acknowledged making mistakes at FTX but said he does not believe he has criminal liability.
That came after Sassoon accused Bankman-Fried of seeking to transfer assets to an unnamed foreign country that he thought would be “more lenient.” She said prosecutors were also probing reports late last month that funds were transferred out of Alameda cryptocurrency wallets, though she said there was not evidence Bankman-Fried executed those transactions.
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