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Home » Jailed FTX founder Bankman-Fried to return to court for new plea

Jailed FTX founder Bankman-Fried to return to court for new plea

    Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency exchange FTX, is due back in court on Tuesday for the first time since a U.S. judge revoked his bail and sent him to jail, and is expected to plead not guilty to a new indictment alleging fraud and conspiracy charges. The 31-year-old former billionaire has been behind bars since Aug. 11, when U.S. District Judge Lewis Kaplan in Manhattan revoked his bail for allegedly tampering with witnesses at least twice. Bankman-Fried, who pleaded not guilty to three earlier indictments, is expected to be transported to Manhattan federal court from Brooklyn's Metropolitan Detention Center, which has gained infamy for conditions that public defenders have called "inhumane."

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