SBF Pleads Not Guilty In Bribery Charges to Chinese Officials

Sam Bankman-Fried, CEO of FTX, pleaded not guilty to charges of attempted bribery and campaign finance violations in the latest indictment from U.S. prosecutors. On Tuesday, prosecutors accused him of offering a bribe to a Chinese government official to unlock funds in accounts related to his company, Alameda Research.

This is in addition to the previous indictment, which was revealed last month and included charges of bank fraud and violating campaign finance laws. SBF’s attorney, Mark Cohen, refuted the more recent sets of charges because they came after SBF’s extradition from the Bahamas.

During Thursday’s hearing, federal prosecutors updated the court on their review of seven electronic devices provided by SBF, which is taking longer than expected due to the large size of the devices and the amount of information contained within them.

The defence is particularly concerned about Laptop B, which relates to a cooperating witness who will be an important witness on trial.

Compiled by Coinbold

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