SBF Pleads Not Guilty, Asks Judge To Shield Bond Signers’ Identities.
Disgraced founder of bankrupt crypto exchange FTX, Sam Bankman Fried (SBF), has been revealed to have pleaded not guilty on his criminal charges despite the stacks of accusations made against him by his own fellow executives.
SBF Pleads Not Guilty
On Tuesday, appearing before a federal court in New York, FTX founder and former CEO Sam Bankman Fried pleaded not guilty to all of the eight criminal charges made against him, including wire fraud, conspiracy to commit money laundering, and conspiracy to misuse customer funds.
According to reports, Bankman-Fried’s trial has been scheduled for October 2nd, 2023.
SBF pleads “not guilty” to criminal charges. His trial is scheduled for October 2, 2023.
— Tiffany Fong (@TiffanyFong_) January 3, 2023
Although there had already been talks of SBF’s plans to plead not-guilty before, many in the community are still surprised at the former CEO’s decision to do so considering the fact that his two former executives, Alameda Research’s former CEO Caroline Ellison and FTX co-founder Gary Wang had both pleaded guilty in a plea deal that threw Bankman-Fried under the bus.
Although SBF had claimed not-guilty in the case, the judge had ruled that Bankman-Fried will no longer be able to access or transfer any FTX or Alameda related funds.
Request For Privacy
During his hearing on Tuesday, Judge Kaplan had also granted Bankman-Fried’s request of keeping the names and identifying information of the two individuals who co-signed SBF’s multimillion dollar bond, in addition to his parents.
Bankman-Fried’s lawyers argued that privacy was needed for the two individuals, citing that media scrutiny and threats would be made against them.
However, media will be able to object to the redaction of the identities of the bond signers on January 12th.
Sam Bankman-Fried's lawyer, Mark Cohen, filed a motion this morning requesting that the court redact the identities of the two non-family bail sureties.https://t.co/NH4WWDYHnv
— Molly White (@molly0xFFF) January 3, 2023