FTX Founder to Plead Not Guilty to Charges
- FTX founder, Sam Bankman-Fried, is facing multiple criminal charges and will plead not guilty as per a report.
- SBF is currently free on a $250 million bail bond and is staying with his parents in Palo Alto.
- The former CEO of FTX is set to appear in court on January 3, 2023 before U.S. District Judge Lewis Kaplan.
The collapse of FTX, a crypto exchange which was once valued at $32 billion and ranked in the top three biggest platforms in terms of trading volume, has attracted the eyes of many people. The founder and former CEO of the exchange, Sam Bankman-Fried, also known as SBF, is set to face criminal charges and sentenced to up to 115 years behind bars if the charges are judged to be true.
However, as per a Reuters report, SBF will plead not guilty to these criminal charges in court on January 3 and will fight his way towards justice.