To appear in court on Tuesday, Sam Bankman-Fried, the CEO of bankrupt crypto exchange FTX, who was released on $250 million bail more than two weeks earlier, has returned to New York.

CNBC reported on January 3 that in federal court in New York, SBF pleaded not guilty to charges that it used customer deposits at FTX to fund another company Alameda Research, to buy property and other things.

According to the statement:

The former crypto billionaire has been charged with conspiracy to commit securities fraud and securities fraud, individual charges of securities fraud and wire transfer fraud, money laundering, and conspiracy to circumvent regulations. campaign finance.

However, Lewis Kaplan, the judge appointed to handle the case, has set a trial date for October 2. If convicted, SBF faces more than 100 years in prison. Two SBF colleagues have pleaded guilty and are participating in the investigation, which has had a huge impact on the crypto industry.

Assistant US Attorney Danielle Sassoon told the court that the prosecution planned to complete most of its discoveries in the coming weeks.

In addition, SBF's lawyers recently filed a request to remain anonymous the identities of the two people who bailed and released him.

Additionally, Judge Kaplan granted the SBF's request to have the names of two other co-signers sealed, in addition to his parents. His lawyers argued that the disclosure of the identities of the co-signers raised security and privacy concerns. The launch of the FTX working group
As part of the ongoing investigation into Bankman-Fried and the collapse of FTX, federal prosecutors have also announced the creation of a new task force to recover victims' assets, according to the report. CNBC report.

In a statement, US Attorney Damian Williams said the Southern District of New York (SDNY) is working around the clock to deal with the collapse of FTX. "It's a moment where everyone is on deck," Williams added.

To ensure that this important effort continues, he added, supported by all of SDNY's resources and experience until justice is done, they are forming the SDNY FTX Task Force. .

According to the statement, the task force was led by Andrea Griswold, Williams' senior deputy. It will include lawyers from the Commodities and Securities Fraud, Public Corruption, Money Laundering and Transnational Crime Enterprise divisions.

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