🟢Former FTX CEO SBF Aims to Get Most of Charges Dismissed
The former head of FTX, a global cryptocurrency exchange, is facing a dozen criminal charges in the US for allegedly defrauding customers, investors, lenders, and the government. Sam Bankman-Fried, also known as SBF, was arrested in the Bahamas in December and is trying to dismiss most of the charges on technical grounds.
SBF is accused of misappropriating billions of dollars of customer funds deposited with FTX and using them for his own benefit and for his crypto hedge fund Alameda Research. He is also charged with securities fraud, money laundering, bank fraud, and campaign finance violations for trying to influence US politicians with illegal donations.
