“Not Guilty” Pleads Bankman-Fried in Fraud and Conspiracy Charges on Tuesday

On Tuesday, the disgraced former CEO of the now-defunct cryptocurrency exchange appeared in court for the second time in New York. Bankman-Fried was released on a personal recognizance bail following his initial appearance last week, and he traveled back to his parents’ home in California immediately after.

During the former FTX executive’s arraignment in Manhattan on Tuesday afternoon, U.S. District Judge Lewis Kaplan of the Southern District of New York set a tentative trial date for the anticipated weeks-long procedure, expected to take place in October

For the outset of the hearing, Bankman-Fried, who is accused of eight different offenses, including wire fraud and campaign finance violations, entered a not guilty plea.

According to recent reports his not guilty plea today was expected. The prosecution expected to finish the majority of its discovery during the next three weeks. She stated that the government will soon have access to materials that it currently has. Documents supplied by FTX’s bankruptcy counsel are included.