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FTX founder pleads not guilty to fraud charges

Date: January 28, 2023 Time: 06:31:44

Sam Bankman-Fried, founder of the FTX cryptocurrency platform, pleaded not guilty this Tuesday before a federal court in New York for the multiple crimes attributed to him by the United States authorities after the bankruptcy of his company, which reached be valued at 32,000 million dollars, according to local media outlets.

The businessman has appeared before the judge, among a large media presence, to respond to the eight charges brought against him by the Attorney for the Southern District of New York, among which are those of electronic fraud, money laundering and rape of a young man. Political campaign finance laws.

SBF was extradited to New York last month from the Bahamas, the company’s headquarters and where he resided, but he has remained on probation since December 22 at his parents’ house in Palo Alto (California, USA) agreeing after one of the most bonds in the history of the United States, of 250 million high dollars.

FTX Japan clients will be able to redeem their assets

Clients of FTX Japan, the Japanese subsidiary of the FTX platform, who declared bankruptcy in November, will have the option to start withdrawing their blocked assets in February 2023, the entity has announced. “For the assets entrusted to us by our clients at FTX Japan and Liquid Japan, we are proceeding with the development of the system so that withdrawals are possible from the Liquid Japan web version,” the subsidiary said.

In this way, users will be able to check their FTX Japan balance from the Liquid Japan web version, and can then withdraw funds, while those with access to the Liquid Japan platform will make regular withdrawals.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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