Sam Bankman-Fried's criminal trial runs October 4 to November 9, with at least 21 days in court. He faces seven fraud charges after FTX collapsed with a $10 billion shortfall. He's been in pretrial detention since August and could face 110 years in prison.
October 4, 2023 – November 9, 2023
At least 21 days
Mid-November 2022
$10 billion
Seven fraud charges
Former FTX CEO Sam Bankman Fried, once described as the golden boy of crypto, will spend at least 21 days in court as part of his criminal trial, which will begin on October 4th and last until November 9th. In mid November 2022, Bankman Fried suffered one of the most rapid and public reputational declines of all time when his crypto exchange and its sister hedge fund Alameda Research collapsed and filed for bankruptcy, leaving a $10 billion hole in its wake. Bankman Fried will face a total of seven fraud charges, some of which include committing wire fraud on FTX customers committing wire fraud on Alameda Research Lenders conspiring to commit money laundering to hide the proceeds of wire fraud on FTX customers. The former FTX CEO has been serving pretrial detention at the Metropolitan detention center since Aug. 11. SBF, who pleaded not guilty to all counts of fraud and conspiracy, faces a statutory maximum of 110 years in prison. For all the latest crypto news and updates, subscribe to the official Cointelegraph YouTube channel.
