Bitcoin24h $66,870.51+0.55%

Ethereum24h $2,051.19+0.04%

XRP24h $1.32-0.15%

BNB24h $588.74+0.52%

Solana24h $80.16+1.25%

TRON24h $0.3156+0.22%

Dogecoin24h $0.0912+0.67%

UNUS SED LEO24h $10.06-0.07%

Hyperliquid24h $35.81+0.73%

Bitcoin Cash24h $443.63-0.35%

Sam Bankman-Fried expected to plead ‘not guilty’ — but why?

Sam Bankman-Fried is expected to plead ‘not guilty’ at his arraignment for criminal charges related to the behavior of FTX and Alameda.

Bad news for Bankman-Fried as Ellison and Wang plead guilty

Bankman-Fried has landed in the US as members of his inner circle, Caroline Ellison and Gary Wang, plead guilty to an array of fraud charges.

If Genesis fails, $350 million of the $600 million owed to Todd Boehly’s Eldridge would become due, according to the terms of the loan.

Bankman-Fried will face criminal charges stateside. Meanwhile, FTX demands that third parties return funds given before its collapse.

It’s currently unclear what amount of FTX customer funds remains with its banking partner Cuscal, Omipay, or Monix.