FTX founder heads for trial on charges of stealing billions from users

Sam Bankman-Fried, the former billionaire and founder of FTX cryptocurrency exchange, is set to go on trial for allegedly stealing billions of dollars from customers. He has pleaded not guilty to charges of fraud and conspiracy, but acknowledges inadequate risk management.

Oct 3, 2023 - 16:30
FTX founder heads for trial on charges of stealing billions from users
Sam Bankman-Fried, the former billionaire and founder of FTX cryptocurrency exchange, is set to go on trial for allegedly stealing billions of dollars from customers. He has pleaded not guilty to charges of fraud and conspiracy, but acknowledges inadequate risk management.