{"id":520772,"date":"2023-02-23T18:45:18","date_gmt":"2023-02-23T18:45:18","guid":{"rendered":"https:\/\/www.wncen.com\/?p=520772"},"modified":"2024-06-11T14:32:47","modified_gmt":"2024-06-11T14:32:47","slug":"ftxs-sbf-hit-with-fresh-batch-of-bank-fraud-charges","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/ftxs-sbf-hit-with-fresh-batch-of-bank-fraud-charges\/","title":{"rendered":"FTX’s SBF Hit With Fresh Batch Of Bank Fraud Charges"},"content":{"rendered":"

Former FTX CEO Sam Bankman-Fried (SBF) is facing a new slate of bank fraud charges this week, including the likes of conspiracy to operate an unlicensed money-transmitting business and conspiracy to commit bank fraud.<\/p>\n

A newly-released indictment filed on Thursday likely confirms many outstanding suspicions that have existed in the crypto community over the past few months, and introduces a few new interesting pieces of detail as well.<\/p>\n

Let’s take a look at the quick nuggets of information available to us from this 39-page document.<\/p>\n

The Charges Against SBF Grow<\/span><\/h4>\n

The indictment, labeled a ‘superseding indictment<\/a>,’ adds a total of four new charges from the Southern District of New York\u2019s attorney\u2019s office. The new indictment brings SBF’s total charges up to a dozen.<\/p>\n

Much of what’s been chronicled in this saga to date has been reinforced, including the DoJ’s assessment around FTX’s co-mingling of funds with Alameda Research, details around SBF’s political donations, and more.<\/p>\n

However, there’s also more fine details released around some of these elements that are worth reviewing.<\/p>\n

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FTX's platform, FTT, went down with the ship when FTX collapsed in November. | Source: FTT-USD on TradingView.com<\/a><\/pre>\n
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Related Reading: Optimism (OP) Surges 17% As Coinbase Launches L2 On OP Stack<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
New Highlights<\/span><\/h4>\n
The 39-page indictment is jam packed with pieces of interesting information. Here’s some of the bits that we found especially interesting and insightful that haven’t generally been included in the major talking points over recent months:<\/p>\n