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Facing an eight-count indictment that could land him in prison for the rest of his life, FTX founder Sam Bankman-Fried is maintaining his innocence. Appearing before Judge Lewis Kaplan in a Manhattan courthouse on Tuesday afternoon, he pleaded not guilty to all charges.

Just last year, the 30-year-old had positioned himself as the paragon of sensible crypto investing; he sat for interviews with Wall Street luminaries such as David Rubenstein and shared a stage with...

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