Media: Sam Bankman-Fried ready to plead guilty in FTX fraud ca | ERC20 Official Crypto channel

Media: Sam Bankman-Fried ready to plead guilty in FTX fraud case

Sam Bankman-Fried will formally plead guilty next week to criminal charges of defrauding investors and embezzling client funds, according to Reuters.

Recall that before his arrest on December 12, Bankman-Freed acknowledged the flaws in risk management at FTX, but said that mistakes made through a misunderstanding should not threaten him with criminal liability.