Sam Bankman-Fried has pleaded not guilty to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange, causing billions of dollars in losses in what prosecutors have called an epic fraud.
The 30-year-old defendant entered his plea through his lawyer to eight criminal counts, including wire fraud and conspiracy to commit money laundering, before United States District Judge Lewis Kaplan in Manhattan federal court.
Kaplan set an October 2 trial date.
A federal prosecutor, Danielle Sassoon, estimated a trial could take four weeks and said the government will soon turn over hundreds of thousands of documents of evidence to defence lawyers.
Bankman-Fried is accused of looting billions of dollars in FTX custo…
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