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A new indictment against the founder of the cryptocurrency exchange FTX Sam Bankman-Fried containing 12 charges was unsealed Monday in Manhattan federal court.
Bankman-Fried was previously charged with eight counts of fraud, money laundering and other charges in connection with the collapse of the now-bankrupt exchange. He has pleaded not guilty.
“Using the trust that FTX customers placed in him and the exchange, Bankman-Fried stole FTX customer deposits, and used billions of dollars in stolen funds for various purposes,” said the new indictment, filed Wednesday.
Prosecutors say Bankman-Fried used stolen customer funds to cover losses at Alameda Research, a hedge fund. Alameda’s former chief executive, Caroline Ellison, and former FTX executive, Gary Wang, both pleaded guilty to fraud charges and agreed to cooperate with the investigation.
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