FTX founder Sam Bankman-Fried pleads not guilty to fraud charges in US federal court amid huge media scrum

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FTX founder Sam Bankman-Fried pleads not guilty to fraud charges in US federal court amid huge media scrum
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FTX crypto boss Sam Bankman-Fried fought through crowds outside court on Tuesday morning ahead of his first US court appearance following his arrest.

Accused of stealing investor funds from his crypto currency FTX in order to cover outstanding loans taken out by its sister hedge funds.If found guilty, the charges could see him face up to 115 years in prison.

Mr Bankman-Fried’s parents, both of whom are law professors teaching at Stanford University, co-signed his bond and ensured his detention under house arrest.

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