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FTX: Sam Bankman-Fried pleads not guilty to fraud charges

01:30

FTX: Sam Bankman-Fried pleads not guilty to fraud charges

FTX founder Sam Bankman-Fried pleaded not guilty in a Manhattan federal court today, 3 January, to fraud charges.

The cryptocurrency mogul, 30, was charged with stealing billions of dollars in FTX customer assets to plug losses at his hedge fund, Alameda Research. He denies the accusations.

A judge has set a tentative trial date for 2 October, which may move forward or backward a day or two.

If convicted, Mr Bankman-Fried faces more than 100 years in prison.

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