From TechCrunch: Sam Bankman-Fried’s not guilty plea to several federal fraud charges was largely anticipated, and something a few legal experts suggested was a tactical response.
The former CEO of crypto exchange FTX, whose company collapsed in November, made the plea in Federal District Court in New York.
It’s very common in the federal criminal justice system for defendants to plead not guilty at their initial appearance, Mary Beth Buchanan, a former U.S. attorney now advising blockchain companies, said to TechCrunch.
The expedited timeline of FTX’s collapse and the legal actions against those involved was unexpected and unprecedented.
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