The court indictment says that to get around due diligence rules, Bankman-Fried concealed from bank officials the true nature of an account that held FTX customer deposits

Crypto

Federal prosecutors charged Sam Bankman-Fried with several additional financial crimes and offered expansive new details about the FTX founder's alleged conduct before the collapse of his cryptocurrency exchange.

A new indictment unsealed on 23 February charges the 30-year-old Bankman-Fried with four more criminal counts, on top of the eight prosecutors brought in an indictment they filed in December, weeks after FTX's implosion. Bankman-Fried pleaded not guilty to the prior charges, which alleged he stole billions of dollars of FTX customer funds, in addition to misleading investors and lenders. A spokesperson for Bankman-Fried didn't respond to a request for comment.

FTX founder Sam Bankman-Fried faces further criminal charges

Corinne Ramey

James Fanelli

Coinbase

Silvergate Capital

Currencies

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