Cryptocurrency

FTX founder Sam Bankman-Fried faces further criminal charges

The court indictment says that to get around due diligence rules, Bankman-Fried concealed from bank officials the true nature of an account that held FTX customer deposits

Federal prosecutors charged Sam Bankman-Fried with several additional financial crimes and offered expansive new details about the FTX founder's alleged conduct before the collapse of his cryptocurrency exchange.

A new indictment unsealed on 23 February charges the 30-year-old Bankman-Fried with four more criminal counts, on top of the eight prosecutors brought in an indictment they filed in December, weeks after FTX's implosion. Bankman-Fried pleaded not guilty to the prior charges, which alleged he stole billions of dollars of FTX customer funds, in addition to misleading investors and lenders. A spokesperson for Bankman-Fried didn't respond to a request for comment.

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