FTX’s Sam Bankman-Fried May Enter Guilty Plea on Cheating Charges

Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter. Bankman-Fried has been free on $250 million (roughly Rs. 2,000 crore) bond following his extradition last month.

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