Sam Bankman-Fried again pleaded not guilty in his federal fraud case over last year’s implosion of the FTX cryptocurrency exchange, this time to a narrower slate of charges.
The 31-year-old embattled crypto mogul appeared in federal court in Manhattan on Tuesday for the first time since the judge revoked his bail after concluding that he likely tried to tamper with two witnesses. Bankman-Fried has appealed the ruling, but in the meantime he is being held at the Metropolitan Detention Center in Brooklyn, New York.
He entered his plea Tuesday to seven counts of fraud and money laundering, contained in a revised US indictment filed on Aug. 14 that cut the number of counts the former FTX co-founder faces by almost half. The other charges, which weren’t included in an agreement by the Bahamas to extradite him to the US, were split off into a separate case.
Bankman-Fried is accused of orchestrating a multibillion-dollar, yearslong fraud at FTX and its trading affiliate Alameda Research, both of which collapsed in November. He is due to go on trial on Oct. 2. At Tuesday’s hearing his lawyers complained that they were struggling to build their client’s defense without access to him. Bankman-Fried hasn’t been permitted to review any of the millions of pages of evidence in the case for the 11 days he has been in the federal lockup in Brooklyn, his lawyer Christian Everdell said, calling it a violation of his Sixth Amendment right to counsel.
Everdell said his team has been presented with a plan for Bankman-Fried to review the evidence with his lawyers two days a week from 9 to 3, using a laptop in a cell block in the courthouse, which he said was inadequate.The case is US v. Bankman-Fried, 22-cr-673, US District Court, Southern District of New York .
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