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The Independent UK
The Independent UK
National
Via AP news wire

FTX founder Sam Bankman-Fried faces arraignment in New York

FTX Sam Bankman-Fried Crypto Manhattan
Copyright 2022 The Associated Press. All rights reserved.

FTX founder Sam Bankman-Fried will be arraigned in a Manhattan federal court Tuesday on charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.

Bankman-Fried, 30, was accused of illegally diverting massive sums of customer money from FTX to make lavish real estate purchases, donate money to politicians and make risky trades at Alameda Research, his cryptocurrency hedge fund trading firm.

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