An indictment detailing the charges was unsealed by a federal court judge in Manhattan Tuesday morning following weeks of feverish 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, Bloomberg reported.
The report said the indictment alleges that Bankman-Fried agreed with others “to defraud customers of FTX.com by misappropriating those customers’ deposits and using those deposits to pay expenses and debts of Alameda Research.”
