NEW YORK, March 31 ― Sam Bankman-Fried, the disgraced founder of the now-bankrupt FTX cryptocurrency exchange, pleaded not guilty yesterday to new US charges of conspiring to violate campaign finance laws and bribe Chinese authorities.
The former billionaire could spend decades in prison if convicted at a trial set to start on October 2.The exchange collapsed in November after a flurry of customer withdrawals spurred by concerns about commingling of funds between FTX and Alameda. Under an extradition treaty between the United States and the Bahamas, Bankman-Fried may only be tried and punished for charges he faced at the time of his extradition, unless the Bahamas government consents to the new charges.
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