Dilapidated FTX CEO Sam Bankman-Fried has pleaded no longer guilty to 5 further costs introduced in a superseding indictment.

In an arraignment listening to on Thursday, Bankman-Fried entered a no longer guilty plea thru his attorney Stamp Cohen to a current situation of costs towards him, including paying a $40 million bribe to Chinese government officials.

Earlier this week, U.S. prosecutors released a superseding indictment, alleging that Bankman-Fried directed Alameda workers to transfer a crypto charge to Chinese authorities to actual two Alameda buying and selling accounts that had been frozen. The accounts held no longer lower than $1 billion price of crypto.

Bankman-Fried’s lawyers thought to argue that these costs had been improperly filed, seeing as they adopted his extradition from the Bahamas to the U.S.

“As Mr. Cohen acknowledged in court, we are going to seemingly be tough the current costs when motions are filed,” acknowledged a spokesperson for Bankman-Fried after the listening to had ended.

In pleading NOT guilty, his attorney advised Think Kaplan that SBF isn’t any longer agreeing he may per chance presumably well maybe furthermore very smartly be tried on the current costs.

At the listening to, SBF wore a melancholy navy suit, white button-down shirt with a tie and brown dress shoes. His hair also seemed as if it will seemingly be shorter.

— Chloe Atkins (@chloe_aatkins) March 30, 2023

At the listening to, prosecutors shared a peep of the energy of their case towards the FTX founder, Fortune reported. Assistant U.S. attorney Nicolas Roos acknowledged that his personnel, along with FBI investigators, had been in possession of seven of Bankman-Fried’s gadgets, including telephones and laptops, 6 million pages of evidence, and a cooperating ogle.

Roos acknowledged that his personnel of prosecutors are nearing the stay of the discovery job and search data from of to hold the final seized gadgets cataloged by early April.

Bankman-Fried is scheduled to face trial in October. He currently resides in his guardian’s dwelling in Palo Alto, following a $250 million bond that secured his bail. The phrases of his bail settlement had been impartial nowadays modified to curtail his expend of electronic gadgets and the cyber net. Below the current phrases, Bankman-Fried has been accredited to expend a computer installed with monitoring tool and obtain admission to fully distinct pre-licensed net sites.