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  Sam Bankman-Fried, the former CEO and founder of now-defunct crypto exchange FTX, has reportedly pleaded not guilty to fraud and money laundering charges in a court hearing on Aug. 22. 
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<div class="cointelegraph"> 
 <p>Sam Bankman Fried, the former CEO and co-founder of FTX crypto exchange, has pleaded not <a rel="noopener noreferrer nofollow" title="guilty" href="https://thebittimes.com/tag/guilty.html">guilty</a> to <a rel="noopener noreferrer nofollow" title="fraud" href="https://thebittimes.com/tag/fraud.html">fraud</a> and money laundering <a rel="noopener noreferrer nofollow" title="charges" href="https://thebittimes.com/tag/charges.html">charges</a> levied in an updated indictment by prosecutors, according to a report.&nbsp;</p> 
 <p>Bankman Fried appeared in the Southern District of New York courthouse on Aug. 22 facing accusations of misusing customer funds for personal use as well as for political donations. The <a rel="noopener noreferrer nofollow" title="charges" href="https://thebittimes.com/tag/charges.html">charges</a> of <a rel="noopener noreferrer nofollow" title="fraud" href="https://thebittimes.com/tag/fraud.html">fraud</a> and money laundering are from December, however, prosecutors added additional <a rel="noopener noreferrer nofollow" title="charges" href="https://thebittimes.com/tag/charges.html">charges</a> of campaig finance earlier this month.</p> 
 <p>The latest proceedings in the FTX lawsuit come after Bankman Fried's bail was revoked and the FTX founder left the New York courtroom in handcuffs.</p> 
 <p class="post-content__disclaimer">This is a developing story, and further information will be added as it becomes available. </p> 
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FTX's Sam Bankman-Fried pleads not guilty to fraud charges: Report

TheBitTimes

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