Sam Bankman-Fried Charged by US With Fraud Over FTX Collapse (3)

FTX founder Sam Bankman-Fried was charged with eight criminal counts, including conspiracy and wire fraud, for allegedly misusing billions of dollars in customers’ funds before the spectacular collapse of his cryptocurrency empire.

An indictment detailing the charges was unsealed by a federal court judge in Manhattan Tuesday morning following weeks of speculation the 30-year-old would end up in handcuffs after his company — one of the biggest cryptocurrency exchanges in the world — ended up in bankruptcy last month.

Read more: Read the Charges Against Bankman-Fried Filed by SEC, DOJ, CFTC

The indictment alleges that Bankman-Fried agreed with others “to ...