Bad news, SBF is making headlines again.
Do you actually think those people who give out parking tickets like their jobs?
Surely not. But they get up, get out there, and do it anyway.
In the same way, we don't love writing about Sam Bankman-Fried or FTX...but the guy keeps making headlines.
Yesterday, SBF pleaded "not guilty" to a series of financial crimes, appearing before a federal court in New York.
This comes after FTX co-founder, Gary Wang, and Caroline Ellison, the ex-CEO of Alameda Research, pleaded "guilty" to financial crimes associated with FTX in December.
Both are now cooperating with investigations into Bankman-Fried and the defunct exchange, according to the U.S. Attorney’s Office for the Southern District of New York.
So, what happens now?
SBF's actual trial date has been set for October 2, 2023.
The maximum sentence for the eight criminal charges he's currently facing is 115 years.
Both sides have some high profile lawyers - and Federal prosecutors have said they expect to produce thousands of documents from FTX debtors, investors, and individual employees.
When all is said and done, will the thousands of people who had their crypto in FTX ever see their money again?
It remains to be seen, but we just shook our Magic 8 Ball, and it said 'What, are you kidding me? Good luck.'
