Sam Bankman-Fried facing 100 years imprisonment

						Array
(
    [ppma_authors_name] => Array
        (
            [0] => Isabella Aslam
        )

    [classic-editor-remember] => Array
        (
            [0] => classic-editor
        )

    [_edit_lock] => Array
        (
            [0] => 1673268138:19
        )

    [_edit_last] => Array
        (
            [0] => 19
        )

    [_thumbnail_id] => Array
        (
            [0] => 17644
        )

    [_wp_page_template] => Array
        (
            [0] => default
        )

    [_prlipro-post-options] => Array
        (
            [0] => a:3:{s:14:"requested_slug";s:0:"";s:19:"hide_social_buttons";b:0;s:20:"disable_replacements";b:0;}
        )

    [_bsf_post_type] => Array
        (
            [0] => 0
        )

    [_bsf_item_review_type] => Array
        (
            [0] => none
        )

    [_yoast_wpseo_focuskw] => Array
        (
            [0] => Sam Bankman-Fried
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => After admitting the collapse of FTX was down to his own 'mistakes’, Sam Bankman-Fried now denies all charges against him in a US court.
        )

    [_yoast_wpseo_linkdex] => Array
        (
            [0] => 54
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 1
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [post_introduction] => Array
        (
            [0] => After admitting the collapse of FTX was down to his own 'mistakes’, Sam Bankman-Fried now denies all charges against him in a US court.
        )

    [_post_introduction] => Array
        (
            [0] => field_5e8bb40d3036a
        )

    [time_to_read] => Array
        (
            [0] => 2 mins read
        )

    [_time_to_read] => Array
        (
            [0] => field_5ea04c4ba2fca
        )

    [in_summary] => Array
        (
            [0] => 
        )

    [_in_summary] => Array
        (
            [0] => field_62542d4010cad
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 7
        )

    [_yoast_wpseo_primary_countries] => Array
        (
            [0] => 84
        )

)

Updated January 9, 2023 | Published January 5, 2023

2 mins read

After admitting the collapse of FTX was down to his own 'mistakes’, Sam Bankman-Fried now denies all charges against him in a US court.

Former CEO of bankrupt crypto exchange FTX Sam Bankman-Fried has pleaded not guilty to multiple charges of fraud.

The ex-billionaire is expected to stand trial for eight criminal charges on October 2, set by Judge Lewis Kaplan.

The charges announced include claims from financial regulators, campaign finance violations, wire fraud and money laundering.

After having being detained by the Royal Bahamas police in December, Bankman-Fried was extradited from the Bahamas, where FTX was based, to the US and bailed on a $250m bond under the condition he wore an electronic tag and stayed in his parents’ home in California.

In a US court, Bankman-Fried has since denied all allegations, which include claims he used customer deposits at FTX to make investments and pay for debts accrued at his other firm Alameda Research.

Although the former ‘crypto king’ previously admitted the allegations and failure of FTX as a result of his own ‘mistakes’, he has changed his plea as legal proceedings continue.

If convicted and found guilty of the counts against him, Bankman-Fried could face a sentence of 100 years behind bars.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
Best Casinos to play with…
Bitcoin
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
1
PLAY NOW
2
PLAY NOW
3
PLAY NOW
4
PLAY NOW
5
PLAY NOW
The Ledger: Crypto criminals face pressure, new regulation rolls in
The Ledger: Kraken launches crypto bank, TSM has new sponsor

Similar News

crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4765
            [name] => aavegotchi
            [slug] => aavegotchi
            [term_group] => 0
            [term_taxonomy_id] => 4765
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 2
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1671
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 5304
            [name] => ICO
            [slug] => ico
            [term_group] => 0
            [term_taxonomy_id] => 5304
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 7
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 8275
            [name] => initial coin offering
            [slug] => initial-coin-offering
            [term_group] => 0
            [term_taxonomy_id] => 8275
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 8274
            [name] => Pixelcraft
            [slug] => pixelcraft
            [term_group] => 0
            [term_taxonomy_id] => 8274
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

)

Pixelcraft studios raises $30m in token sale

21/03/2023|18:30

Pixelcraft Studios, creator of the decentralized finance and NFT crypto pets experience Aavegotchi, has announced the completion of a multi-year...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 181
            [name] => Blockchain
            [slug] => blockchain
            [term_group] => 0
            [term_taxonomy_id] => 181
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 884
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1671
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 4804
            [name] => gaming
            [slug] => gaming
            [term_group] => 0
            [term_taxonomy_id] => 4804
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 52
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 8273
            [name] => Paavan Nanda
            [slug] => paavan-nanda
            [term_group] => 0
            [term_taxonomy_id] => 8273
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [4] => WP_Term Object
        (
            [term_id] => 5510
            [name] => web3
            [slug] => web3
            [term_group] => 0
            [term_taxonomy_id] => 5510
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 46
            [filter] => raw
        )

    [5] => WP_Term Object
        (
            [term_id] => 8272
            [name] => Winzo
            [slug] => winzo
            [term_group] => 0
            [term_taxonomy_id] => 8272
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

)

Winzo to invest $50m in global gaming ecosystem

21/03/2023|17:30

Indian social gaming platform Winzo has announced a $50m fund to invest in the global gaming ecosystem. The new fund...
crypto 
								Array
(
    [0] => WP_Term Object
        (
            [term_id] => 4513
            [name] => crypto
            [slug] => crypto
            [term_group] => 0
            [term_taxonomy_id] => 4513
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1671
            [filter] => raw
        )

    [1] => WP_Term Object
        (
            [term_id] => 5552
            [name] => crypto ads
            [slug] => crypto-ads
            [term_group] => 0
            [term_taxonomy_id] => 5552
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 5
            [filter] => raw
        )

    [2] => WP_Term Object
        (
            [term_id] => 8271
            [name] => Financial Services and Markets Authority
            [slug] => financial-services-and-markets-authority
            [term_group] => 0
            [term_taxonomy_id] => 8271
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 1
            [filter] => raw
        )

    [3] => WP_Term Object
        (
            [term_id] => 1026
            [name] => regulation
            [slug] => regulation
            [term_group] => 0
            [term_taxonomy_id] => 1026
            [taxonomy] => post_tag
            [description] => 
            [parent] => 0
            [count] => 660
            [filter] => raw
        )

)

Belgium strengthens rules for crypto ads

21/03/2023|16:30

Belgium’s financial regulator, the Financial Services and Markets Authority (FSMA), has toughened up the rules on promoting cryptocurrency products. Firms...