Bankman-Fried could enter plea in NY federal court docket subsequent week earlier than Choose Lewis Kaplan

Former FTX CEO Sam Bankman-Fried is scheduled to seem in court docket on the afternoon of Jan. 3 to enter a plea on two counts of wire fraud and 6 counts of conspiracy in opposition to him in relation to the collapse of the FTX cryptocurrency alternate. After being launched on a $250 million bail bond, Bankman-Fried reportedly met with Michael Lewis, writer of The Huge Quick: Contained in the Doomsday Machine, a bestseller that was was a film, spurring hypothesis {that a} movie concerning the disgraced alternate’s saga is on the best way.

SBF borrowed $546M from Alameda to fund Robinhood (NASDAQ:) share buy

In one other headline associated to Sam Bankman-Fried, an affidavit by the founding father of FTX revealed that he beforehand borrowed over $546 million from Alameda Analysis to fund a purchase order of Robinhood shares. Later, those self same shares had been utilized by Bankman-Fried as collateral for a $600 million mortgage taken by Alameda from digital asset lender BlockFi. The shares are presently frozen and are value round $450 million. BlockFi filed a lawsuit in search of to obtain the collateral shares in November.

Argo Blockchain sells high mining facility to Galaxy Digital for $65M

Mango Markets exploiter arrested on fraud costs Perhaps it was unlawful

Celsius desires to increase the deadline for claims as lawyer charges mount