Attorneys for former FTX CEO Sam Bankman-Fried have entered a not-guilty plea for 5 extra prices since his December 2022 arraignment, together with allegations of bribery.

In response to a number of experiences, Bankman-Fried pleaded not responsible in United States District Court docket for the Southern District of New York to 4 prices added as a part of a superseding indictment in February, and one cost added on March 28 associated to the former CEO allegedly bribing a Chinese language authorities official. Different prices embody conspiracy counts associated to fraud in addition to these for wire fraud and securities fraud throughout his time at FTX.

Mark Cohen, the lawyer representing Bankman-Fried within the prison case, reportedly argued that although SBF had entered a not responsible plea, there was no acknowledgement that the court docket had the authority to deliver the costs towards him. The newest cost alleged that SBF was concerned in transferring “at the least roughly $40 million in cryptocurrency supposed for the good thing about a number of Chinese language authorities officers” supposed to facilitate transactions tied to Alameda Analysis.

Associated: Sam Bankman-Fried is paying for authorized protection utilizing beforehand gifted funds from Alameda: Report

Bankman-Fried has been free on bail since being turned over to U.S. custody from the Bahamas in December, largely confined to his mother and father’ California house. A federal choose not too long ago amended his bail circumstances to ban using any smartphone with web entry. Chapter proceedings for FTX are additionally at the moment underway within the District of Delaware.

Journal: SBF authorized charges, BTC market cap flips Meta and USDC climbs again to $1: Hodler’s Digest, March 12-18