Sam Bankman-Fried pleads not guilty to new charges

Disgraced FTX founder Sam Bankman-Fried made his first appearance after spending 10 days in jail


Stanslavs/Shutterstock modified by Blockworks


Sam Bankman-Fried pleaded not guilty to seven fraud and conspiracy charges in a Manhattan federal court on Tuesday. 

The new charges, handed down on Aug. 14, came after prosecutors alleged Bankman-Fried used more than $100 million in stolen customer funds to line the pockets of electoral candidates and politicians. 

His bail was revoked after the US Department of Justice alleged that Bankman-Fried “repeatedly” tried to “corruptly influence witnesses and interfere with a fair trial through attempted public harassment and shaming,” per the hearing. 

The disgraced FTX founder has been permitted to meet with his attorneys on weekdays from 8:30 am to 3 pm ET, per court filings. 

Federal Election Commission data shows that Bankman-Fried personally gave more than $40 million in political donations in 2022. Ryan Salame, Bankman-Fried’s former co-CEO, and Nishad Singh, former director of engineering at FTX, were also big donors. Salame gave nearly $23 million almost exclusively to Republicans and related PACs, while Singh gave $8 million during the 2022 midterm election cycle. 

Read more: US prosecutors drop campaign finance charges against SBF

The court appearance was Bankman-Fried’s first since his bail was revoked on Aug. 11. He has since been held in custody at the Metropolitan Detention Center in Brooklyn, where, his legal team said Tuesday, he has been denied a vegan diet. 

Bankman-Fried’s trial is set for Oct. 3.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

MON - WED, MARCH 18 - 20, 2024

Digital Asset Summit (DAS) is returning March 2024. What you can expect: And more! Don’t miss out on the opportunity to be in the room when the future of crypto is decided. Join us and help shape the future of our […]

recent research

Research report - cover graphics-2.jpg


Base has doubled-down on its commitment to the Superchain vision, has shown early signs of success with nearly $400M in TVL, and has become home to novel dapps such as which has seen significant traction.


Deribit’s bitcoin and ether options are set to expire Sept. 29, analysts forecast minimal impact, despite typically a volatile period


The court found that the plaintiffs had “plausibly alleged” that Compound Labs and its associated entities solicited the public to purchase COMP tokens


The investment is part of a larger agreement that includes the supply of 27,000 Bitmain bitcoin miners


The former FTX leader wanted to call seven witnesses, and the judge sided with government in precluding all of them


Aztec co-founders note that a developer testnet will likely be launched next year


Binance spent $840k in gas to consolidate accounts in what some labeled an inefficient process