Sam Bankman-Fried, the founder of FTX, pleaded not guilty to the eight charges filed against him at his hearing at the New York US District Court on Jan. 3.
WATCH: FTX founder Sam Bankman-Fried enters the US District Court in New York City, where he’s expected to plead not guilty to fraud https://t.co/ouA2Z5xIJU pic.twitter.com/6a0Mmt8hLU
— Bloomberg TV (@BloombergTV) January 3, 2023
The FTX founder was present at the court with his lawyers, Mark Cohen and Christian Everdell, before US district judge Lewis Kaplan. The court granted SBF’s plea, considering the threats his parents have received since FTX collapsed. Although Judge Kaplan granted the request, he left open the possibility that he would revisit the issue if there were any opposition.
The US District Court set a trial date for Oct. 2, 2023, following promises by US prosecutors that they would produce all evidence within four weeks. The plea, while not unexpected, will give Bankman-Fried more time to assess the evidence
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