FTX Founder Pleads Guilty on Criminal Charges in Crypto Case

FTX founder and fallen cryptocurrency guru Sam Bankman-Fried pleaded not guilty through his attorney at his arraignment Tuesday on charges he misappropriated billions of dollars, defrauding customers and investors in companies he controlled while allegedly concealing his illegal handling of funds. A trial date was also scheduled for later this year.

It was the second courtroom appearance in Manhattan for Bankman-Fried, 30, who was extradited from the Bahamas last month and has been under a house arrest order on a $250 million bond for nearly two weeks. Bankman-Fried is wearing an ankle monitor and is required to remain at his parents’ home in Palo Alto, Calif., except for court appearances and exercise sessions.

He arrived at the courthouse more than an hour before his case was called, surrounded by a pack of photographers as he climbed out of a black SUV.

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