The indictment alleges that Bankman-Fried and his associates “willfully and knowingly did combine, conspire, confederate, and agree together and with each other to commit wire fraud,” while defrauding customers of FTX.
Bankman-Fried, 30, stands accused of defrauding millions of investors in an elaborate crypto scheme run through FTX. At one point the third-largest crypto exchange in the world, FTX collapsed in a matter of days after balance sheets related to Bankman-Fried’s investment firm Alameda Research were leaked.
The indictment, first filed on Dec. 9, alleges that Bankman-Fried and his associates “willfully and knowingly did combine, conspire, confederate, and agree together and with each other to commit wire fraud,” while defrauding customers of FTX by “misappropriating those customers’ deposits and using those deposits to pay expenses and debts of Alameda Research.”
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