The 30-year-old FTX founder, formerly worth an estimated $26bn, could face a sentence of up to 115 years in US prison.
In the United States, the former cryptocurrency magnate Sam Bankman-Fried has pleaded not guilty to charges of fraud, denying allegations that he cheated investors out of billions of dollars.
On Tuesday, lawyers for the 30-year-old Bankman-Fried, founder of the now-insolvent FTX cryptocurrency exchange, entered a plea of not guilty at an arraignment hearing before US District Judge Lewis Kaplan in New York City.
Prosecutors have accused Bankman-Fried of committing fraud on an enormous scale, alleging that he diverted billions of dollars of investor funds to buy real estate, make political donations and prop up his cr…
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