Sam Bankman-Fried to reportedly plead not guilty to criminal charges

Former FTX CEO Sam Bankman-Fried (SBF), presently free connected a $250 cardinal bail bond, volition reportedly plead not blameworthy to the alleged FTX and Alameda-related fiscal frauds successful tribunal connected Jan. 3.

SBF was arrested successful the Bahamas astatine the petition of the U.S. authorities nether suspicion of defrauding investors and misappropriation of funds held connected the FTX crypto exchange. Following a tribunal proceeding connected Dec. 22, SBF was released connected bail and is slated to look connected tribunal connected Jan.3 earlier U.S. District Judge Lewis Kaplan successful Manhattan.

During the hearing, SBF is expected to participate a plea of not blameworthy to the transgression charges, according to a Reuters report. On Dec. 13, the SEC charged the erstwhile FTX CEO with violating the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934.

Defendants person the close to plead not blameworthy during archetypal tribunal hearings and are allowed to alteration their plea successful owed time.

Related: Sam Bankman-Fried recovered ‘chilling’ successful JFK airdrome lounge connected $250M bail bond

On Dec. 28, a question of funds from Alameda wallets raised suspicions astir SBF’s involvement successful the anomaly. However, the entrepreneur was quick to region himself from the alleged rumors.

None of these are me. I'm not and couldn't beryllium moving immoderate of those funds; I don't person entree to them anymore.https://t.co/5Gkin30Ny5

— SBF (@SBF_FTX) December 30, 2022

SBF’s tweet was successful response to a Cointelegraph report that a wallet code had received implicit 600 Ether (ETH) from wallets that belonged to Alameda.