Sam Bankman-Fried, the disgraced co-founder and former CEO of the cryptocurrency exchange FTX, pleaded not guilty to eight criminal charges at his arraignment on Tuesday.
Bankman-Fried flew from California to New York to enter his plea in person during a court hearing. He’s facing up to 115 years in prison over charges stemming from the spectacular collapse of FTX in November.
The once high-profile crypto executive faces charges that include lying to investors and taking billions of dollars of his customers’ money for his own personal use.
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