Crypto exchange founder accused of using deposits to support hedge fund, buy real estate and make political contributions
Fallen crypto billionaire Sam Bankman-Fried entered a plea of not guilty on Tuesday to criminal charges that he cheated investors and looted billions of dollars at his now bankrupt FTX cryptocurrency exchange.
Bankman-Fried is accused of illegally using FTX customer deposits to support his Alameda Research hedge fund, buy real estate and make millions of dollars in political contributions, in what prosecutors have called a fraud of epic proportions.
Continue reading…Crypto exchange founder accused of using deposits to support hedge fund, buy real estate and make political contributionsFallen crypto billionaire Sam Bankman-Fried entered a plea of not guilty on Tuesday to criminal charges that he cheated investors and looted billions of dollars at his now bankrupt FTX cryptocurrency exchange.Bankman-Fried is accused of illegally using FTX customer deposits to support his Alameda Research hedge fund, buy real estate and make millions of dollars in political contributions, in what prosecutors have called a fraud of epic proportions. Continue reading…