JUST IN: Sam Bankman-Fried pleads not guilty to eight federal charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research.
The former billionaire was hauled by security through the throng and into the courthouse in a matter of moments, with photographers scrambling out of their way as Bankman-Fried was carried by his lapels through the mob.on Dec. 21 and was released on a $250 million recognizance bond, secured by his family home, on Dec. 22.
Earlier in the day, attorneys for Bankman-Fried filed a motion to seal the names of two individuals who had guaranteed Bankman-Fried’s good behavior with a bond. Judge Lewis Kaplan approved the motion in court today. The motion argued that the visibility of the case and the defendant had already posed a risk to Bankman-Fried’s parents, and that the guarantors should not be subject to the same scrutiny.Federal prosecutors also announced the launch of a new task force to recover victim assets as part of an ongoing investigation into Bankman-Fried and the collapse of FTX.
“The Southern District of New York is working around the clock to respond to the implosion of FTX,” U.S. Attorney Damian Williams said in a statement Tuesday. The U.S. Attorney’s Office for the Southern District of New York had argued that Bankman-Fried suborned $
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