NEW YORK - Indicted FTX cryptocurrency exchange founder Sam Bankman-Fried pleaded not guilty on Thursday to new US charges of conspiring to violate campaign finance laws and
Mr Cohen said he was planning to challenge the new charges because they were brought after Bankman-Fried was extradited from the Bahamas, where he was arrested last December and where FTX was based. He was arrested after a flurry of customer withdrawals spurred by concerns about commingling of funds between the exchange and Alameda prompted the collapse of the now-bankrupt FTX.
the former billionaire acknowledged inadequate risk management at FTX, but said he did not steal funds.
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