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NEWS
Bankman-Fried’s attorney Mark Cohen of Cohen & Gresser said his client, who was ordered to stay at his parents’ house in California and barred from opening new lines of credit, founding a business or entering into financial transactions in excess of $1,000 as conditions of release nearly two weeks ago, did not make the transfers.
January 03, 2023 at 04:19 PM
3 minute read
Cryptocurrency
Former FTX CEO Sam Bankman-Fried pleaded not guilty at his arraignment Tuesday before U.S. District Judge Lewis Kaplan of the Southern District of New York, who set an Oct. 2 trial date for the multibillion-dollar cryptocurrency fraud case.
At the request of prosecutors, Kaplan granted an additional condition of release blocking Bankman-Fried from accessing or transferring any assets or cryptocurrency belonging to FTX or Alameda Research, the crypto hedge fund he founded.
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