Sam Bankman-Fried Hit With Additional Bank Fraud Charges in New Indictment
FTX founder Sam Bankman-Fried faces additional charges, including bank fraud allegations, under a new indictment unveiled Thursday morning.
The new 12-count indictment sees federal officials charging the onetime crypto wunderkind with bank fraud and operating an unlicensed money transmitter charges in addition to the eight counts he already faced.
Previously, he only faced allegations of conspiracy to commit wire fraud on customers;wire fraud on customers; conspiracy to commit wire fraud on lenders; wire fraud on lenders; conspiracy to commit commodities fraud; conspiracy to commit securities fraud; conspiracy to commit money laundering; and conspiracy to commit money laundering and conspiracy to defraud the U.S. and violate campaign finance laws.
Bankman-Fried is currently set to face trial this October.
This is a developing story and will be updated.