FTX's Sam Bankman-Fried pleads not guilty to criminal charges; October trial set

FTX's Sam Bankman-Fried pleads not guilty to criminal charges; October trial set

Defense attorney Mark Cohen, pleads "not guilty" for his client Sam Bankman-Fried, founder and former CEO of crypto currency exchange FTX, at his plea hearing in Manhattan federal court in New York City, U.S., January 3, 2023 in this courtroom sketch. Defense attorney Christian Everdell sits at left. REUTERS/Jane Rosenberg

Sam Bankman-Fried pleaded not guilty on Tuesday to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecutors have called an “epic” fraud.

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