Fallen crypto founder Sam Bankman-Fried appeared in federal courtroom for his arraignment Tuesday afternoon. The former FTX CEO pleded not guilty to all the felony legal fees he faces.

Bankman-Fried, or SBF as he’s generally known as, is accused of illegally investing FTX consumer funds into the hedge fund, Alameda Research, which he co-founded and which was run by his ex-girlfriend, Caroline Ellison. SBF additionally allegedly used FTX buyer cash to purchase property and donate to political campaigns. Then, all of it imploded spectacularly in a “liquidity crisis.”

FTX declared chapter and SBF resigned. Other crypto firms with cash within the failed alternate fell aside amid the contagion, and the crypto winter bought even colder. Evidence of astounding monetary misdeeds got here to gentle. SBF all but admitted to journalists that he dedicated crimes. Authorities arrested Bankman-Fried within the Bahamas after which extradited him to the United States.

SBF is going through eight felony counts together with fraud, conspiracy, and cash laundering. All informed, if convicted, he might face greater than 100 years in jail. The failed fintech mogul was arraigned Tuesday at 2 p.m. EST in Manhattan federal courtroom, earlier than U.S. District Judge Lewis Kaplan. Early stories indicated SBF was anticipated to to file an preliminary, not responsible plea—and that’s precisely what occurred. Even underneath the circumstances, such a plea is fairly standard in excessive profile legal instances.

Though, Alameda Research’s Ellison and FTX co-founder, Gary Wang, have already each pleaded responsible of their linked instances as a part of seemingly offers to cut back their very own sentences on the expense of SBF.

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In the lead as much as his trial, SBF was launched on an unlimited $250 million bail and has been residing together with his dad and mom in Palo Alto, California. The bail package deal is among the largest in U.S. historical past, and was secured through the fairness in Bankman-Fried’s dad and mom’ home. Note: Assets backing a bond typically solely want equal about 10% of the full worth.

On prime of his dad and mom’ assist although, Bankman-Fried wants two extra signatories (no less than one not associated to him) on the bond by January 5 to ensure that it to stay legitimate. And Judge Lewis Kaplan is permitting SBF and his attorneys to maintain the identities of these co-signers underneath wraps.

In a Tuesday courtroom submitting, the disgraced golden boy of crypto requested the choose to redact the names of his sureties, to guard the 2 unknown events from “media scrutiny” and “harassment.” “The presumption of access here is vastly outweighed by the privacy and safety interests implicated by the documents at issue,” Bankman-Fried’s attorneys wrote within the letter. In Tuesday’s arraignment, the choose granted SBF’s request for sureties anonymity.

Judge Kaplan additionally set a trial begin date for October 2, 2023—giving the federal prosecutors and Bankman-Fried’s authorized workforce loads of time to to pour over FTX’s monetary data and different proof.

Update 1/3/2023, 2:48 p.m. ET: This put up has been up to date with new info from the arraignment.