According to the report from Reuters, FTX’s founder Sam Bankman-Fried will plead not guilty in the FTX fraud case, though he could choose to amend his plea afterwards. He is now facing two counts of wire fraud and six counts of conspiracy and will enter a plea on these charges on 3 January 2023 before US District Judge Lewis Kaplan in Manhattan federal court. The FTX’s founder was arrested in the Bahamas and was subsequently released on a $250 million bond on 22 December 2022.