Sam Bankman-Fried arrived in a Manhattan federal courtroom to face fraud charges over the collapse of FTX, the cryptocurrency exchange he co-founded.
(Bloomberg) — Sam Bankman-Fried arrived in a Manhattan federal courtroom to face fraud charges over the collapse of FTX, the cryptocurrency exchange he co-founded.
Shackled and dressed in a blue suit, he is expected to enter a plea in the case Thursday, followed by a hearing to set bail in the case.
Bankman-Fried, who was arrested last week in the Bahamas, only returned to the US Wednesday night. He had initially said he intended to fight extradition but quickly backtracked.
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