NEW YORK — FTX founder Sam Bankman-Fried pleaded not guilty in federal court in Manhattan on Tuesday to criminal charges alleging wire fraud, money laundering and campaign finance violations.
The 30-year-old Bankman-Fried is accused of stealing billions of dollars in customer and investor assets through the FTX exchange and his affiliated hedge fund, Alameda Research.
Judge Lewis Kaplan of the Southern District of New York granted a motion submitted by Bankman-Fried’s attorney, Mark Cohen, to redact any identifying information for two co-signers on a $250 million bond, which is partially secured by his parent's home in California. Kaplan noted that media organizations and members of the public might challenge that order.
The judge also set a new condition to the former billionaire’s bail, directing him to refrain from accessing or transferring any assets belonging to the failed crypto exchange and Alameda.
The new requirements were set after a little more than $1 million in crypto assets were moved from digital wallets belonging to Alameda late last week. Cohen said the defense had notified the government that the FTX founder had not made the transfers.
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